TARP, baby!

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

TARP, Baby!

Explaining Paulson's plan better than Paulson.

(Continued from Page 65)

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Sunday, July 27, 2008

STEPHANOPOULOS: "Opponents of affirmative action are trying to get a referendum on the ballot here that would do away with affirmative action. Do you support that?"

MCCAIN: "Yes, I do. I do not believe in quotas. But I have not seen the details of some of the proposals. But I've always opposed quotas."

STEPHANOPOULOS: "But the one here in Arizona you support?"

McCAIN: "I support it, yes."

McCain at first tried fo fudge, then got bullied into a "yes"--the same thing that basically happened with his answer on immigration at the Reagan library debate. McCain's clumsiness may indicate that his endorsement isn't exactly bankable--his spokesman was unprepared to defend it when Obama immediately brought up McCain's characterization of an earlier anti-affirmative action measure as "divisive." ("I do not have a firm enough grasp on the historical and relevant context of McCain's remark in 1998 to give you the pushback that this question deserves," the spokesman said, in a formulation that may become the Universal Punt in the idiotic daily news-cycle war.)

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Yet maybe McCain has stumbled on to a strategic masterstroke. He's behind, after all. His big issue--Iraq--has just been seemingly defused. He's no expert on the economy. He's old and his formerly winning personality is starting to grate. He could do worse than make the election a national referendum on Connerly's initiative to ban affirmative action, which tends to win by large margins whenever it is actually placed on a ballot. Does Steve Schmidt have a better idea? ...

P.S.: In a precious moment of calm, Andrew Sullivan posts a sensible analysis  of how Obama might respond. [Sullivan's away. Item was written by Chris Bodenner--ed I finally know what they mean by "the exception that proves the rule."]

P.P.S.:  Weekend chat shows were bloated with talk of the McCain campaign's recent general incompetence. I know that Mike Murphy's comeback bid is over, finished, he "will not be reboarding the Straight Talk Express," and "the matter is now been resolved." Politico told us!  But at this rate don't you think Murphy will be running the campaign by August? ... 10:42 P.M. link

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More evidence of the new realism about Edwards on the left. Alex Koppelman in Salon:

I know what you're thinking: Why even bother with anything printed by the Enquirer, a supermarket tabloid you probably think of as the kind of "newspaper" that focuses on rumors that Elvis Presley is alive -- and leading a band of rampaging space aliens? ...[snip] That's not really the Enquirer's niche, though. It gets confused with publications like the defunct Weekly World News, but in fact the Enquirer is surprisingly good at reporting on these kinds of stories, and it has a decent track record with them. It was the Enquirer that published the photo of Donna Rice sitting on Gary Hart's lap. It was the Enquirer that broke the story of Rush Limbaugh's addiction to painkillers. And new information about the Edwards story makes the Enquirer's reporting on it look more solid.

TODAY IN SLATE

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My Father Invented Social Networking at a Girls’ Reform School in the 1930s

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Sleater-Kinney Was Once America’s Best Rock Band

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Medical Examiner

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Driving in Circles

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The World’s Human Rights Violators Are Signatories on the World’s Human Rights Treaties

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