TARP, baby!

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

TARP, Baby!

Explaining Paulson's plan better than Paulson.

(Continued from Page 87)

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I tried to cause Hugh Hewitt at least some momentary pain over McCain's renewed commitment to illegal immigrant legalization. I failed. Transcript:

MK: ... It was a terrible week for McCain, because he made it clear, Hugh, to people like you, that he's still for some form of amnesty, and he's much more likely to produce it than Obama. That's why I'm not for McCain. That's your problem.

HH: Well actually, I like where he is, since he's gone security first. Glenn, what do you think about the week? ...

He is such an apparatchik.  ... P.S.: The whole point of last week is that McCain's dropping the "first" from "security first."  ... 3:39 A.M.

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TNR's Jason Zengerle analyzes the McCain campaign shake-up:

[I]'s hard to see how or why McCain would bring back Mike Murphy--as has been rumored for a little while now--since [Steve] Schmidt's now playing the role McCain would have presumably wanted Murphy to fill.

So wrong!  McCain has plenty of time to bring back Murphy by the end of the summer if/when whatever Schmidt does between now and then doesn't seem to be working. ... Backfill: Chait made the same point. ... Update: Zengerle doubles down! "I don't think McCain can afford to do any more major reshuffling without running the risk of key Republicans concluding that he's hopeless and abandoning him en masse ..." Really? McCain has a shakeup before Labor Day and that's it, he's through? (Certainly voters won't care about it in November. By October even Mark Halperin will have forgotten about it.) ... Zengerle must be a) suffering from a clinical bubble-insider's loss of perspective and b) oblivious to the implications of the Feiler Faster Principle. ... It seems to me McCain has enough time to fire Schmidt, hire Weaver, fire Weaver, hire Murphy, fire Murphy, bring back Rick Davis, re-demote Davis and hire Schmidt again before the final debate. ... 2:58 A.M.

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Obama's campaign has posted a response  to that Boston Globe article on the failure of the "public private" housing partnerships Obama and his allies championed. The response seems weak and amateurish to me--with some good points (one housing project, for seniors, is a success) mixed with ineffective responses. For example:

RHETORIC: Obama translated that belief into legislative action as a state senator. In 2001, Obama and a Republican colleague, William Peterson, sponsored a successful bill that increased state subsidies for private developers. The law let developers designated by the state raise up to $26 million a year by selling tax credits to Illinois residents. For each $1 in credits purchased, the buyer was allowed to decrease his taxable income by 50 cents.

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