Topics
Administration
Congress
Democrats
Elections
Ethics
Governor -- Alabama
Governor -- Alaska
Governor -- Arizona
Governor -- California
Governor -- Colorado
Governor -- Connecticut
Governor -- Delaware
Governor -- Florida
Governor -- Georgia
Governor -- Hawaii
Governor -- Illinois
Governor -- Indiana
Governor -- Iowa
Governor -- Kentucky
Governor -- Louisiana
Governor -- Maryland
Governor -- Massachusetts
Governor -- Michigan
Governor -- Minnesota
Governor -- Missouri
Governor -- Montana
Governor -- Nevada
Governor -- New Hampshire
Governor -- New Jersey
Governor -- New Mexico
Governor -- New York
Governor -- North Carolina
Governor -- North Dakota
Governor -- Ohio
Governor -- Oregon
Governor -- Pennsylvania
Governor -- Rhode Island
Governor -- South Carolina
Governor -- Texas
Governor -- Utah
Governor -- Vermont
Governor -- Virginia
Governor -- Washington
Governor -- Wyoming
Governors
Health Care
House
House -- Alabama -- 02
House -- Alabama -- 03
House -- Alabama -- 05
House -- Alaska
House -- Arizona -- 01
House -- Arizona -- 03
House -- Arizona -- 05
House -- Arizona -- 08
House -- Arkansas -- 01
House -- Arkansas -- 02
House -- California -- 04
House -- California -- 12
House -- California -- 26
House -- California -- 32
House -- California -- 50
House -- Colorado -- 02
House -- Colorado -- 04
House -- Connecticut -- 04
House -- Connecticut -- 05
House -- Florida -- 06
House -- Florida -- 08
House -- Florida -- 13
House -- Florida -- 15
House -- Florida -- 16
House -- Florida -- 18
House -- Florida -- 19
House -- Florida -- 21
House -- Florida -- 24
House -- Florida -- 25
House -- Georgia -- 05
House -- Georgia -- 10
House -- Georgia -- 12
House -- Idaho -- 01
House -- Illinois -- 01
House -- Illinois -- 03
House -- Illinois -- 05
House -- Illinois -- 06
House -- Illinois -- 10
House -- Illinois -- 11
House -- Illinois -- 14
House -- Illinois -- 18
House -- Indiana -- 03
House -- Indiana -- 07
House -- Indiana -- 09
House -- Iowa -- 03
House -- Iowa -- 04
House -- Kansas -- 02
House -- Kentucky -- 02
House -- Kentucky -- 03
House -- Louisiana -- 01
House -- Louisiana -- 02
House -- Louisiana -- 04
House -- Louisiana -- 06
House -- Maine -- 01
House -- Maryland -- 01
House -- Maryland -- 04
House -- Massachusetts -- 05
House -- Michigan -- 01
House -- Michigan -- 07
House -- Michigan -- 09
House -- Michigan -- 13
House -- Minnesota -- 01
House -- Minnesota -- 03
House -- Minnesota -- 06
House -- Mississippi -- 01
House -- Mississippi -- 03
House -- Missouri -- 09
House -- Nevada -- 02
House -- Nevada -- 03
House -- New Hampshire -- 01
House -- New Hampshire -- 02
House -- New Jersey -- 03
House -- New Jersey -- 05
House -- New Jersey -- 07
House -- New Mexico -- 01
House -- New Mexico -- 02
House -- New York -- 13
House -- New York -- 15
House -- New York -- 20
House -- New York -- 21
House -- New York -- 23
House -- New York -- 24
House -- New York -- 25
House -- New York -- 26
House -- New York -- 29
House -- North Carolina -- 03
House -- North Carolina -- 08
House -- North Carolina -- 10
House -- North Dakota
House -- Ohio -- 01
House -- Ohio -- 02
House -- Ohio -- 05
House -- Ohio -- 07
House -- Ohio -- 10
House -- Ohio -- 15
House -- Ohio -- 16
House -- Oklahoma -- 05
House -- Oregon -- 05
House -- Pennsylvania -- 03
House -- Pennsylvania -- 04
House -- Pennsylvania -- 06
House -- Pennsylvania -- 10
House -- Pennsylvania -- 11
House -- Pennsylvania -- 12
House -- Pennsylvania -- 15
House -- South Carolina -- 01
House -- South Carolina -- 02
House -- South Carolina -- 05
House -- South Dakota
House -- Tennessee -- 07
House -- Tennessee -- 08
House -- Tennessee -- 09
House -- Texas -- 07
House -- Texas -- 10
House -- Texas -- 14
House -- Texas -- 22
House -- Utah -- 03
House -- Virginia -- 01
House -- Virginia -- 05
House -- Virginia -- 09
House -- Virginia -- 11
House -- Washington -- 08
House -- West Virginia -- 02
House -- Wisconsin -- 08
House -- Wyoming
Inauguration 2009
International
Issues
Judiciary
Local Elections
Media
Miscellaneous
Morning Thoughts
Politics Weekly
Polls
Rankings
Republicans
Senate
Senate -- Alaska
Senate -- Arizona
Senate -- Arkansas
Senate -- California
Senate -- Colorado
Senate -- Connecticut
Senate -- Delaware
Senate -- Florida
Senate -- Georgia
Senate -- Idaho
Senate -- Illinois
Senate -- Indiana
Senate -- Iowa
Senate -- Kansas
Senate -- Kentucky
Senate -- Louisiana
Senate -- Maine
Senate -- Massachusetts
Senate -- Minnesota
Senate -- Mississippi
Senate -- Missouri
Senate -- Montana
Senate -- Nebraska
Senate -- Nevada
Senate -- New Hampshire
Senate -- New Jersey
Senate -- New Mexico
Senate -- New York
Senate -- North Carolina
Senate -- North Dakota
Senate -- Ohio
Senate -- Oklahoma
Senate -- Oregon
Senate -- Pennsylvania
Senate -- South Carolina
Senate -- South Dakota
Senate -- Tennessee
Senate -- Texas
Senate -- Utah
Senate -- Virginia
Senate -- Wisconsin
Senate -- Wyoming
Sports
Supreme Court
WH 08
WH 08 -- Democrats
WH 08 -- Republicans
WH 12
WH 12 -- Republicans
White House

 

« IL 11: Halvorson (D) +2 | Blog Home Page | IL 11: Halvorson (D) +8 »

Strategy Memo: Economic Movement

Good Wednesday morning. Yes, that's a Barack Obama ad front and center atop the Drudge Report. Here's what Washington is watching today:

-- The Senate and House are back in session today as they try to wrap up energy legislation, a second economic stimulus package and the massive $700 billion bailout of the financial markets before heading home to campaign in October. Today, Treasury Secretary Paulson and Fed chairman Bernanke return to Capitol Hill to face the House Financial Services Committee, where they could face harsher questions now that some members of Congress are openly questioning the bailout. President Bush is still in New York at the opening of the new U.N. session for meetings with world leaders.

-- The economy remains the driving force behind the presidential campaign, and it's having a dramatic effect on poll numbers that show Barack Obama growing his lead, the Washington Post's Balz and Cohen write. With the latest Post-ABC News poll showing Obama with a nine-point lead -- the largest yet, and therefore prone to questions -- the underlying point remains that the Democrat maintains a healthy advantage on economic issues, and that matters: One of every two respondents said the economy or jobs were the most important issue in determining their vote.

-- And yet Americans don't entirely know how they feel about the bailout that would hand Paulson such a massive amount of money and power to fix the crisis. 55% of respondents to a Bloomberg/LA Times poll say it's not the government's job to bail out private companies, while 57% tell Pew pollsters they think the bailout is the right move. It may be the case that action is preferrable in voters' minds to no action, but that doesn't mean voters have to be happy with the solution.

-- One thing is clear: Obama's lead on economic issues is large and expanding. Voters pick Obama as best able to handle economic issues by a 47%-35% margin in the Pew survey, 45%-33% in the Bloomberg poll and 53%-39% in the Washington Post/ABC poll. Just two weeks ago, according to the Post, Obama's advantage over McCain was just five points. Obama is also seen as better understanding economic problems that average people are having by a huge 57%-33% margin.

-- But Republicans are doing themselves some good on the economy as well. Even as approval ratings for President Bush and Vice President Cheney remain at or near record lows, the White House is pushing hard for the bailout plan and Republicans in Congress are pushing right back. Even a visit from Cheney, who came to Capitol Hill to convince nervous Republicans to back the plan, did nothing to win votes, with some in the GOP more angry about the plan than when the meeting started, Politico's Patrick O'Connor writes.

-- Republicans aren't willing to be the reason the bailout failed, but they're not willing to be the reason it passed, either. In fact, that's where the presidential candidates find themselves. Both have expressed serious reservations about oversight and Paulson's power, and they agree CEOs shouldn't be allowed to benefit, the Boston Globe's Foon Rhee writes. But neither is willing to come out and discuss their own plans, and neither has committed to voting for the final version. In fact, some are starting to think John McCain may even come out against it, ABC's George Stephanopoulos said last night.

-- It would take a dance on McCain's part, but consider the political benefits. Instead of the Bush-McCain-Obama bailout package, McCain could come out for a much smaller package, or a different approach altogether. That would leave Obama and the president on the same side of the measure and McCain, still working on claiming that "change" mantle, out on his own. Is working with a president who's let the economy tank, McCain might ask, change we can believe in? Then again, if McCain opposes the bill enough to kill it and absolutely anything goes wrong, his chances of becoming president would be finished. It's a dangerous and risky line to walk.

-- Bad Luck Of The Day: As Obama begins day two of debate preparation today, McCain has to be cursing his luck that the first meeting between the two candidates, coming up Friday in Oxford, Mississippi, will be the one ostensibly focused on foreign policy. The Wall Street crisis will hang over the first debate, to an extent that it is likely unavoidable, and McCain's advantage on foreign policy could be drowned out. Both candidates spent yesterday praising the other's debating skills, AP's Nedra Pickler writes, setting expectations for the other ahead of the Friday clash.

-- Today On The Trail: McCain will join running mate Sarah Palin in New York for meetings with foreign leaders today. They sit down with the presidents of Georgia and the Ukraine this morning, U2 star Bono early this afternoon and the Indian Prime Minister this evening. In between, McCain will attend an economic event and a meeting with new Democratic backer Lady Lynn Forrester de Rothschild, a former Hillary Clinton supporter. Palin will also meet with Iraqi President Jalal Talabani. Obama continues debate prep with a break for a rally in Dunedin, Florida, while Joe Biden makes a foreign policy speech in Cincinnati followed by a rally in Jeffersonville, Indiana.