Tag Archive » economy
Tomorrow I’ll post my analysis of the debate itself, but first, here’s a recap of the incredible day’s events:
We woke up at 5 o’clock in the morning, convinced we’d be the only students with enough initiative to make it to Holmes Lounge — one of the prettiest settings on campus — for a live taping of CBS’ The Early Show. To say that we underestimated the excitement on this campus would be an understatement. By the time we groggily stepped through the doors of the (usually) quiet dining hall, there were hundreds of students packing the room — some literally hanging from the walls. After waving our “sign” for a few segments (much more on the sign later), we’d had enough and decided decided to wait for the broadcast to head outside. We entertained ourselves with props found on the makeshift outdoor set until, much to our excitement, Bob Schieffer emerged from his Early Show interview and headed our way. It seemed obvious to us that a chance for a photo with the host of Face the Nation (and the moderator of the final presidential debate) was well worth seeding the prime real estate we’d captured outside, so we ran towards Mr. Schieffer, who graciously stopped and took a picture with us. Our chances of face time on The Early Show seemingly gone, we walked off campus to Boosters Cafe for a quick (and delicious) breakfast.
Still several hours before I’d usually be awake on a Thursday morning (and a few hours until our next opportunity to appear on TV), we headed to the library attempting to study. It might have been the most exciting day of my college career, but it’s still college, so there was work to be done!
Aside from the debate hall itself (where, incredibly, more than 400 student got to watch the debate), the MSNBC set was the most exciting place to be on campus. While no other news networks had chosen to broadcast from a location that students could actually access, from one stage we had the opportunity to watch Andrea Mitchell, Chuck Todd, and three tapings of Hardball with Chris Matthews. It seemed obvious, then, that this would be our base of operations for the rest of the day.
A true testament to the collective creativity of my group of friends, we carried with us, everywhere we went, a carboard cutout of Abraham Lincoln holding a Barack Obama sign. Not only was Honest Abe featured prominently on every MSNBC broadcast (we somehow managed to hold onto our position in the front row of the crowd, just over the anchor’s shoulder), he wound up (through the Associated Press) on the front pages of the New York Times and CNN websites, he got us interviewed by the St. Louis Post-Dispatch and several other papers, and he turned into a crowd favorite with countless students stopping to take pictures with him.
The highlight of my day, however, was at the end of the 6 o’clock (CT) edition of Hardball, when Chris Matthews asked President Lincoln (and me) what we were expecting from tonight’s debate. I made a joke about Stephen Douglas, and the rest is a haze.
We watched the debate from Edison Theatre, the performing arts center on campus, with a not-surprisingly overwhelmingly liberal crowd. I’ll post my full analysis of the debate tomorrow, but here are a few brief thoughts:
- Joe Biden is clearly the most knowledgeable, qualified candidate on either party’s ticket. I think it will be next to impossible for John McCain to paint Barack Obama as unready solong as Obama has Biden by his side.
- Sarah Palin had a great night considering the expectations that most Americans, myself included, probably held before the debate. She may no longer be a liability for John McCain, but it was hard to look at the two candidates on that stage and not see a huge mismatch in every measurable way. Neither vice-presidential candidate is going to singlehandily shift the election in one direction or the other, but in terms of credibility and judgment, it is becoming more and more clear that Joe Biden is doing more to help his party’s ticket than his debate opponent last night. Palin might still be the more exciting selection, but if McCain wants to continue criticizing Barack Obama for being “just another celebrity,” his running mate is going to need to begin to offer something more than large crowds.
- In the next debate Barack Obama has to address the accusation that he and Biden will “wave the white flag” in Iraq. On the other side, without resorting to dishonesty — of the intellectual variety or otherwise — John McCain must explain to Americans why he is the best candidate to turn this country around, and how, in a significant way, his economic policies differ from the George W. Bush.
Make sure to check out Mark’s excellent photostream from Debate day at Wash U.
Political Maneuvers Delay Bill After Bill in Senate
The Senate went home yesterday for the Fourth of July holiday to face voters, having failed repeatedly to address critical economic issues from skyrocketing gas prices to climate change to the nation’s housing crisis. Leaders in both parties have vowed to tackle those problems. Yet the Senate has been unable to move forward even when there is broad agreement about what to do. Take the housing rescue bill that collapsed this week: On a test vote, 83 senators supported provisions intended to halt the steepest slide in home prices in a generation. Still, the measure stalled, undone by a dispute over whether to add tax breaks for renewable energy production, an idea supported by 88 senators. Lawmakers, lobbyists and independent analysts say that bill and other major legislation have been derailed by political maneuvering for an election likely to consolidate Democratic control over Congress and in which the sputtering economy tops the agenda. With each side using the Senate’s byzantine rules to gain advantage, work in the upper chamber, always balky, has ground to a halt. Senate Democrats accuse Republicans of adopting intransigence as a strategy to produce a “do-nothing” Congress. Senate Republicans acknowledge using delay tactics but say they are reacting to a heavy-handed Democratic majority that has denied them a voice on the Senate floor.
Read the story from Washington Post | No Comments | Posted June 28, 2008 at 9:50 AM by Sam Bear
An Upside for the Middle Class
Sen. Hillary Rodham Clinton declares, “The economy is not working for middle-class and working families,” noting the typical American family earns less now than it did seven years ago. Citing the same trend, her Democratic presidential rival, Sen. Barack Obama, promises “to put America back on the path to prosperity.” Sen. John McCain, the likely Republican nominee, says, “It is harder for families to weather hard economic times.” The candidates’ pitches are aimed at wooing the vast majority of Americans who consider themselves middle class. Those people tell pollsters that they are increasingly anxious about their financial security, a feeling that has intensified in recent years because of flattening wages, rising income inequality, increasing consumer debt, soaring health-care costs, spiraling energy prices and, now, declining home values. But as Americans’ wage growth has slowed, their rate of consumption has accelerated, leaving some economists dubious about claims that the middle class is worse off than before.
Read the story from Washington Post | No Comments | Posted February 28, 2008 at 9:06 PM by Alex Tievsky


