TARP, baby!

A mostly political Weblog.
Sept. 30 2008 8:21 PM

TARP, Baby!

Explaining Paulson's plan better than Paulson.

(Continued from Page 2)

Fitzmas in Reverse, Update: More  drama-- Chicago Tribune on Tony Rezko's "possible change of heart":

"Rezko ...met with federal prosecutors and is considering cooperating in the corruption probe of the governor's administration, sources told the Tribune." ...

Or are prosecutors just bluffing (trying to spook other potential witnesses)? ... Or is Rezko merely trying to send some sort of alarm?... Just speculating! ... As Steve Bartin  and the Trib note, Rezko previously complained that prosecutors were pressuring him "to tell them the 'wrong' things that I supposedly know about ... Senator Obama." ... Rezko also said at the time that he's "never been party to any wrongdoing that involved" Obama, and pledged not to "fabricate lies." ... But, speaking completely hypothetically, even inaccurate testimony, by Rezko or anyone else, that seemed to implicate Obama in something fishy could, if precisely timed, do a lot of damage. (Note that, in theory, before it got out it would have to be credible enough for prosecutors to actually believe it). ...

P.S.: Too interesting  for  The Curve! ... 8:29 P.M. link

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Friday, September 26, 2008

I've just heard Chris Matthews make three seemingly insane points in rapid succession: 1) McCain somehow defamed soldiers or America or something by worrying about whether they "died in vain"; 2) It was surprising that Obama didn't make a point of the specific economic problems of African Americans; 3) It was an incredibly winning, decisive moment when Obama laughed after McCain (somewhat effectively, I thought) compared his inflexibility to Bush's. ... That's not even getting to the official MSNBC obsession with whether McCain looked at Obama when he criticized him. ...

Update: Matthews just asked John Heilemann about McCain: "Do you think he was too troll-like tonight? You know, too much of a troll?" ... 9:52 P.M.

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Debate #1: Before I get spun, I'd say: small, Pyrrhic victory for McCain. McCain wanted to make Obama seem naive and inexperienced. He did about 40% of that. Obama wanted to make McCain seem dangerously ambitious, bellicose and hotheaded. He did 0% of that. But a) the foreign policy stuff came after a long period on the economy, where McCain seemed a bit frenetic and Obama had the upper hand; and b) Obama didn't seem non-credible, which may be enough to carry him through given all the other advantages he has. ..

More: c) When Obama talks about the struggling middle class, etc., he always says "they" (seems distant) or "you" (seems condescending). Why not "we" or "us."? Or "my buddy Joe down the street"? A core problem, and one that shouldn't be that hard to fix; d) The big areas where Obama could scare voters about McCain are Georgia/Ukraine/Russia and Iran. On Georgia, Obama threw away his leverage by essentially moving toward McCain's position, up to including Georgia in NATO. I guess we really are all Georgians now. On Iran, McCain didn't say anything particularly scary--if anything, he seemed able to dispel some of those legitimate fears, Reagan-style.He achieved that effect even more clearly on Pakistan: