Barack Obama Will Never Be President

Monday, September 29, 2008

Barack Obama

Barack Obama

Barack Obama

Obama was born in Honolulu, Hawaii to Barack Obama, Sr. (born in Nyanza Province, Kenya) and Ann Dunham (born in Wichita, Kansas). Barack Hussein Obama (born August 4, 1961) is the junior United States Senator from Illinois and a member of the Democratic Party.

Obama grew up in culturally diverse surroundings. He spent most of his childhood in the majority-minority U.S. state of Hawaii and lived for four years in Indonesia. Obama delivered the keynote address at the 2004 Democratic National Convention while still an Illinois state legislator. Since announcing his candidacy in February 2007, Obama has emphasized ending the Iraq War and implementing universal health care as campaign themes.

As a member of the Democratic minority in the 109th Congress, Obama co-sponsored the enactment of conventional weapons control and transparency legislation, and made official trips to Eastern Europe, the Middle East, and Africa. Obama's parents separated when he was two years old and later divorced. His father went to Harvard University to pursue Ph.D. studies, then returned to Kenya, where he died in an auto accident when the younger Obama was twenty-one years old.

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Opinions  Monday, Sept. 29, 2008

Quote of the Day
"Two weeks ago I flew to Tokyo, crossing over the North Pole. Does that make me an expert on Santa Claus?



Featured Opinions
E.J. Dionne Jr.
McCain's Lost Chance
September began as John McCain's month and ended as Barack Obama's.
 
Robert J. Samuelson
Bankrupt Economics
A crisis resists the usual remedies.
 
Joel Berg
No Rescue for the Hungry
Social service providers could use a bailout, too.
 
Fareed Zakaria
Bow Out, Governor
Can we now admit the obvious? Sarah Palin is utterly unqualified to be vice president.
 
Lawrence Summers
A Bailout Is Just a Start
A time when confidence is lagging in the consumer, financial and business sectors is not a time for government to step back.
 
Tom TOLES

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Wednesday, September 24, 2008

Barack Obama

Barack Obama

Barack Obama

Obama was born in Honolulu, Hawaii to Barack Obama, Sr. (born in Nyanza Province, Kenya) and Ann Dunham (born in Wichita, Kansas). Barack Hussein Obama (born August 4, 1961) is the junior United States Senator from Illinois and a member of the Democratic Party.

Obama grew up in culturally diverse surroundings. He spent most of his childhood in the majority-minority U.S. state of Hawaii and lived for four years in Indonesia. Obama delivered the keynote address at the 2004 Democratic National Convention while still an Illinois state legislator. Since announcing his candidacy in February 2007, Obama has emphasized ending the Iraq War and implementing universal health care as campaign themes.

As a member of the Democratic minority in the 109th Congress, Obama co-sponsored the enactment of conventional weapons control and transparency legislation, and made official trips to Eastern Europe, the Middle East, and Africa. Obama's parents separated when he was two years old and later divorced. His father went to Harvard University to pursue Ph.D. studies, then returned to Kenya, where he died in an auto accident when the younger Obama was twenty-one years old.

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today's papers
Looking Back in Anger
By Daniel Politi
Posted Wednesday, Sept. 24, 2008, at 6:19 AM ET

The Los Angeles Times, New York Times, and USA Today lead with the continuing bailout politics as the Bush administration sent some of its top officials to Capitol Hill yesterday in an effort to convince lawmakers they need to pass the $700-billion plan as soon as possible. Instead of falling in line as many had expected, Congressional opposition to the bailout seems to be growing every day. The men of the hour, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson, appeared before the Senate Banking Committee to push lawmakers toward action. In what USAT calls perhaps his "darkest economic assessment" since becoming chairman, Bernanke warned that the current crisis is unlike anything the country has ever seen and failing to approve the bailout would have "significant adverse consequences for the average person." Despite these dire predictions, Congressional opposition, particularly from Republicans in the House, was so strong that by last night "it was no longer certain that a version of the Paulson-Bernanke plan could win passage," the LAT declares.

The Wall Street Journal banners, and the NYT off-leads, news that Warren Buffett will invest $5 billion in Goldman Sachs. The WSJ calls the cash infusion by the famous investor "one of the biggest expressions of confidence in the financial system since the credit crisis intensified early this month." Financial stocks, including Goldman's, surged in after-hours trading as Buffett's decision "immediately heartened investors," says the NYT. The Washington Post leads with a new presidential election poll that suggests the economic turmoil is helping Barack Obama, who now has the first clear lead in the general-election campaign. Among likely voters, Obama leads John McCain by 52 percent to 43 percent. A mere 9 percent rated the economy as good or excellent, and 50 percent cited it as the most important issue. That undoubtedly helps Obama, who has a sizable advantage as the candidate best suited to handle the current financial crisis.

To continue reading, click here.

Daniel Politi writes "Today's Papers" for Slate. He can be reached at todayspapers@slate.com.

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Barack Obama

Barack Obama

Barack Obama

Obama was born in Honolulu, Hawaii to Barack Obama, Sr. (born in Nyanza Province, Kenya) and Ann Dunham (born in Wichita, Kansas). Barack Hussein Obama (born August 4, 1961) is the junior United States Senator from Illinois and a member of the Democratic Party.

Obama grew up in culturally diverse surroundings. He spent most of his childhood in the majority-minority U.S. state of Hawaii and lived for four years in Indonesia. Obama delivered the keynote address at the 2004 Democratic National Convention while still an Illinois state legislator. Since announcing his candidacy in February 2007, Obama has emphasized ending the Iraq War and implementing universal health care as campaign themes.

As a member of the Democratic minority in the 109th Congress, Obama co-sponsored the enactment of conventional weapons control and transparency legislation, and made official trips to Eastern Europe, the Middle East, and Africa. Obama's parents separated when he was two years old and later divorced. His father went to Harvard University to pursue Ph.D. studies, then returned to Kenya, where he died in an auto accident when the younger Obama was twenty-one years old.

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Opinions  Wednesday, Sept. 24, 2008

Quote of the Day
"The people of American realize that inherently all political power is inherent in the people.



Featured Opinions
Robert J. Samuelson
Paulson's Panic
As world financial markets verged on panic, Henry Paulson did the same.
 
Harold Meyerson
Wall Street's Man in Washington
China, Singapore and the oil emirates cut a deal for their people. Why won't Hank Paulson cut one for his?
 
Michael Gerson
Nominees In Need Of Ideas
The death of policy in this election will make governing -- on the economy and other issues -- much more difficult.
 
George F. Will
Our Federal Economy
The line between the public and private sectors is being blurred to indistinctness.
 
William H. Gross
How Main Street Will Profit
The Treasury proposal will not only be a bailout of Wall Street.
 
Dan Froomkin's White House Watch
Fat Cats First
A consistent result of virtually every major Bush policy, from tax cuts to war, has been to enrich the already wealthy.
 
Anne Applebaum
The Smart Money in Afghanistan
Every mistake ever made in an underdeveloped economy is being repeated here.
 
Tom TOLES & Ann TELNAES

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Tuesday, September 23, 2008

Barack Obama

Barack Obama

Barack Obama

Obama was born in Honolulu, Hawaii to Barack Obama, Sr. (born in Nyanza Province, Kenya) and Ann Dunham (born in Wichita, Kansas). Barack Hussein Obama (born August 4, 1961) is the junior United States Senator from Illinois and a member of the Democratic Party.

Obama grew up in culturally diverse surroundings. He spent most of his childhood in the majority-minority U.S. state of Hawaii and lived for four years in Indonesia. Obama delivered the keynote address at the 2004 Democratic National Convention while still an Illinois state legislator. Since announcing his candidacy in February 2007, Obama has emphasized ending the Iraq War and implementing universal health care as campaign themes.

As a member of the Democratic minority in the 109th Congress, Obama co-sponsored the enactment of conventional weapons control and transparency legislation, and made official trips to Eastern Europe, the Middle East, and Africa. Obama's parents separated when he was two years old and later divorced. His father went to Harvard University to pursue Ph.D. studies, then returned to Kenya, where he died in an auto accident when the younger Obama was twenty-one years old.

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today's papers
Bail Me Out Tonight
By Daniel Politi
Posted Tuesday, Sept. 23, 2008, at 6:30 AM ET

The Washington Post, New York Times, and Los Angeles Times lead with news that the Bush administration and Congressional leaders are moving closer to agreeing on the $700-billion bailout plan for financial firms. The LAT says that in its rush to pass the plan, the Bush administration is agreeing to measures that "would have been inconceivable even a few weeks ago." But deep skepticism remains on both sides of the aisle and suddenly lawmakers aren't being shy about questioning whether the plan would really succeed in shoring up the nation's ailing financial system. The WP points out that some lawmakers are now saying it might be unrealistic for them to pass a plan by Friday. And as doubts increased in Capitol Hill, investors responded in kind and continued to send the markets on the dizzying rollercoaster ride that has been all too familiar lately. The Dow Jones industrial average tumbled 372 points, or 3.3 percent, which more than erased Friday's huge gains. "It marked the first time in the Dow's history that it has moved more than 350 points, four days in a row," notes the Wall Street Journal in a Page One piece.

The WSJ's world-wide newsbox leads with a look at the presidential candidates' assessments of the bailout plan. Neither candidate said how he would vote if the bailout reaches the Senate floor, though they agreed on several key aspects they want to see changed. Barack Obama and John McCain both want to put limits on executive pay as well as increase oversight of the Treasury while also demanding greater transparency of how the money is spent. USA Today leads with word that the Department of Veteran Affairs will publish new regulations today that will "substantially increase" the disability benefits for veterans with mild traumatic brain injuries. The move marks the first time the government has officially acknowledged that even those with mild symptoms can struggle to make a living when they get back home. These veterans could receive $600 a month, whereas they now collect a mere $117. The department expects somewhere between 3,500 and 5,000 veterans to benefit from the new regulation.

To continue reading, click here.

Daniel Politi writes "Today's Papers" for Slate. He can be reached at todayspapers@slate.com.

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Business & Tech
The Political Cowardice and (Hypocrisy)
of the Wall Street Bailout


News & Politics
The Financial Crisis Is Good News for the Next President, Whoever It Is

News & Politics
Do Bankers Really Jump out Windows During Market Crashes?

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Saturday, September 20, 2008

Barack Obama

Barack Obama

Barack Obama

Obama was born in Honolulu, Hawaii to Barack Obama, Sr. (born in Nyanza Province, Kenya) and Ann Dunham (born in Wichita, Kansas). Barack Hussein Obama (born August 4, 1961) is the junior United States Senator from Illinois and a member of the Democratic Party.

Obama grew up in culturally diverse surroundings. He spent most of his childhood in the majority-minority U.S. state of Hawaii and lived for four years in Indonesia. Obama delivered the keynote address at the 2004 Democratic National Convention while still an Illinois state legislator. Since announcing his candidacy in February 2007, Obama has emphasized ending the Iraq War and implementing universal health care as campaign themes.

As a member of the Democratic minority in the 109th Congress, Obama co-sponsored the enactment of conventional weapons control and transparency legislation, and made official trips to Eastern Europe, the Middle East, and Africa. Obama's parents separated when he was two years old and later divorced. His father went to Harvard University to pursue Ph.D. studies, then returned to Kenya, where he died in an auto accident when the younger Obama was twenty-one years old.

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today's papers
Mortgaging the Future
By Jesse Stanchak
Posted Saturday, Sept. 20, 2008, at 7:11 AM ET

The Bush administration announced Friday that it would seek to stabilize the financial sector by buying up the distressed mortgages that were at the heart of last week's market calamities. All the papers lead with their analysis of the plan, although details are still scant and questions abound. Treasury Secretary Henry Paulson had yet to formally present a formal proposal by the time the papers were put to bed, but he had briefed lawmakers on his plan via conference call.

According to the New York Times, the plan's goal is to restore stability by soaking up assets that aren't easily turned into cash, increasing the availability of capital. The Washington Post says the government will also look to insure money-market mutual funds, which currently comprise $3.5 trillion in investments, in order to maintain a ready supply of short-term funding for corporations. This aspect of the plan displeases bankers, who fear that insuring these funds will destabilize banks by luring away customers from savings accounts. The Los Angeles Times, however, reports that any money market insurance plan would most likely last for one year only.

The biggest question is what this plan, potentially the biggest government intervention in the market since the Great Depression, will cost. The WP says $500 billion. The NYT says possibly as much as $1 trillion. The LAT thinks the price tag could reach $2 trillion. That money wouldn't all be spent at once. It's unclear how many mortgages would be bought up and how quickly. The Wall Street Journal says the government would most likely use a reverse auction model, buying up cheaper properties first and so giving banks an incentive to offer them a deal. The paper worries, however, that if the government negotiates too aggressively it will only hurt banks further.

Stocks surged in anticipation of the plan on Friday, with the Dow Jones industrial average posting its "biggest back-to-back point gains in more than eight years," according to the LAT. Fridays' bump all but erased the losses sustained earlier in the week. Never the less, the NYT reports that investors are unhappy about new restrictions imposed in the wake of last week's chaos.

To different degrees, the papers all suggest that the biggest hurdle the plan will face is getting past Congress. Both Secretary Paulson and Federal Reserve Chairman Ben S. Bernanke have been leaning toward large-scale intervention for some time, according to the WP, but they didn't want to propose a plan only to have Congress reject it, spurring further panic in the market. But by Wednesday, says the WSJ, the two men felt they had no choice. Now they must hope that the urgency of last week's events will give their proposal the momentum it needs to quickly clear Congress.

Still, as the NYT notes, the two parties are in no mood to cooperate six weeks before an election. Both sides also have plenty of misgivings about the proposal. Democrats worry it will only help wealthy financiers, and Republicans are concerned by the plan's price tag. Timing is also an issue: Lawmakers were planning on adjourning next Friday and staying in recess until after the November elections. Before they go, they'll face several other high-profile bills, including a resolution to continue funding the government past Oct. 1.

The WP uses the mortgage buyout as a news peg for its offlead analysis of President Bush's second term. The paper argues that the plan, which some Republicans say violates the tenets of small-government conservatism, is just the latest in a string of signs that Bush has become less ideologically rigid in his second term.

The LAT decides to use the current financial mess as a test of the leadership styles of Sens. Barack Obama and John McCain. The paper concludes that their responses closely mirror their campaign styles, with McCain looking to attack the problem head on and Obama deferring in hopes of building consensus.

The NYT gives Sen. Joe Biden a glowing review for his performance on the campaign trail last week but says his efforts are generating little notice. The paper says the Obama camp is now trying to reintroduce its VP pick to the nation after Sarah Palin grabbed the spotlight during the week of the Republican National Convention.

Meanwhile, inside the WP declares that Palin and McCain have created a "new way of campaigning" by touring the country together, instead of splitting up to cover more ground as most running mates do. Unfortunately, the paper doesn't do much to explain why the McCain camp has chosen to campaign this way. The paper says that women like Palin and that she draws a crowd, but she would do the same if she were touring alone. Is touring together more effective? If so, why do Obama and Biden travel separately? What is it about the McCain-Palin ticket that makes this arrangement preferable? The piece does say, "McCain likes having Palin along," but TP would hope there's more to the story than that.

The WP fronts coverage of a high-class fundraiser for second-hand retailer Goodwill. The story quickly turns into a look at how sales at thrifts shops have surged across the nation this year. The articles suggest that in hard times, even the well-to-do enjoy a bargain, and a growing recognition that second hand stores sometimes contain hidden treasures has only fueled the chain's popularity.

To continue reading, click here.

Jesse Stanchak is an assistant documents editor at Congressional Quarterly. He covers elections in Oregon and Idaho for CQpolitics.com.

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News & Politics
Did Cindy McCain Really Wear a $300,000 Outfit?

Business & Tech
What the World Needs Now: More Subprime Lending!

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Friday, September 19, 2008

Barack Obama

Barack Obama

Barack Obama

Obama was born in Honolulu, Hawaii to Barack Obama, Sr. (born in Nyanza Province, Kenya) and Ann Dunham (born in Wichita, Kansas). Barack Hussein Obama (born August 4, 1961) is the junior United States Senator from Illinois and a member of the Democratic Party.

Obama grew up in culturally diverse surroundings. He spent most of his childhood in the majority-minority U.S. state of Hawaii and lived for four years in Indonesia. Obama delivered the keynote address at the 2004 Democratic National Convention while still an Illinois state legislator. Since announcing his candidacy in February 2007, Obama has emphasized ending the Iraq War and implementing universal health care as campaign themes.

As a member of the Democratic minority in the 109th Congress, Obama co-sponsored the enactment of conventional weapons control and transparency legislation, and made official trips to Eastern Europe, the Middle East, and Africa. Obama's parents separated when he was two years old and later divorced. His father went to Harvard University to pursue Ph.D. studies, then returned to Kenya, where he died in an auto accident when the younger Obama was twenty-one years old.

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Opinions  Friday, Sept. 19, 2008


Quote of the Day
"He's shocked and outraged that Wall Street's preening Masters of the Universe threw a drunken toga party and smashed all the furniture -- but he helped buy the beer and told the cops to look the other way.



Featured Opinions
Charles Krauthammer
History Will Judge
President Bush exudes a sense of calm and confidence in eventual vindication.
 
Michael Gerson
Name That Doctrine
Whether or not they can identify it, the next occupants of the White House will live by the Bush doctrine.
 
R. Glenn Hubbard
What the Candidates Can Do
How McCain and Obama should respond to the failures on Wall Street.
 
Eugene Robinson
Flunking Economics
John McCain was telling the truth when he said that economics wasn't his strong suit.
 
Dan Froomkin's White House Watch
Bush's Vapid Reassurances
The president emerges, briefly, to speak about the nation's terrifying financial crisis.
 
E.J. Dionne Jr.
As Michigan Goes . . .
If Obama can't win here, he's got a big problem.
 
New Feature
PostPartisan
Quick takes from The Post's columnists and editorial writers on the White House race.
 
Tom TOLES & Ann TELNAES

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Sunday, September 14, 2008

Barack Obama

Barack Obama

Barack Obama

Obama was born in Honolulu, Hawaii to Barack Obama, Sr. (born in Nyanza Province, Kenya) and Ann Dunham (born in Wichita, Kansas). Barack Hussein Obama (born August 4, 1961) is the junior United States Senator from Illinois and a member of the Democratic Party.

Obama grew up in culturally diverse surroundings. He spent most of his childhood in the majority-minority U.S. state of Hawaii and lived for four years in Indonesia. Obama delivered the keynote address at the 2004 Democratic National Convention while still an Illinois state legislator. Since announcing his candidacy in February 2007, Obama has emphasized ending the Iraq War and implementing universal health care as campaign themes.

As a member of the Democratic minority in the 109th Congress, Obama co-sponsored the enactment of conventional weapons control and transparency legislation, and made official trips to Eastern Europe, the Middle East, and Africa. Obama's parents separated when he was two years old and later divorced. His father went to Harvard University to pursue Ph.D. studies, then returned to Kenya, where he died in an auto accident when the younger Obama was twenty-one years old.

Slate Magazine
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today's papers
Settling Dust
By
Posted Sunday, Sept. 14, 2008, at 5:44 AM ET

The New York Times leads with the aftermath of Hurricane Ike, which officials say could be the worst since Hurricane Alicia 25 years ago. The Los Angeles Times leads with the aftermath of a giant train wreck, which has so far killed 25 people due to an engineer who ignored a traffic signal and the lack of recommended safety equipment that would have provided some insurance against human error. The Washington Post leads with the slightly more remote aftermath of the Cheney vice presidency with another installment in its award-winning series, this time laying out the high-level play-by-play around the presidential wiretapping program. A picture emerges of lawyers in the office of the general council attempting to bring the program in line with the law and loop in the attorney general's office, each time to be thwarted by the vice president's top lawyers. The story ends with a cliffhanger, to be resolved in tomorrow's paper.

While not as bad as federal officials feared, Ike has done a serious number on the Gulf Coast--so serious, in fact, that Barack Obama canceled an appearance of Saturday Night Live out of fears that it might seem inappropriate, and a game between the Texans and Baltimore Ravens might have to be postponed, since the storm has torn large chunks of steel off Reliant stadium. The NYT has the stories of those who hunkered down and rode out the storm rather than fleeing for Texas' tranquil interior--fully 140,000 ignored evacuation orders, frustrating state officials--while the Post surveys the resulting bump in gas prices around the country. The LAT's later deadline picks up three deaths as being storm-related, and documents rescue efforts slowed by highways that have been blocked by the wreckage of boats tossed ashore by a "wall of water."

To continue reading, click here.


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Arts & Life
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