TAG | Politics
Tonight on Conan, he announced that a doll company had given them their entire surplus of John McCain Dolls. Seeing how Obama won, they had no use for the dolls and decided to give them to the show. He started giving out giant bags of action figure goodness to the audience members and it hit me, these dolls are going to be worth a small fortune on ebay tomorrow.
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Now that the 2008 election is over, reporters are spilling all the juciest, and previously off the record, gossip from the campaign trail. Much of it is about the infighting between Palin and McCain’s staff, as Newsweek’s treasure trove of post-election gossip reveals.
However, perhaps one of the most astounding and previously unknown tidbits about Sarah Palin has to do with her already dubious grasp of geography. According to Fox News Chief Political Correspondent Carl Cameron, there was great concern within the McCain campaign that Palin lacked “a degree of knowledgeability necessary to be a running mate, a vice president, a heartbeat away from the presidency,” in part because she didn’t know which countries were in NAFTA, and she “didn’t understand that Africa was a continent, rather than a series, a country just in itself.”
http://www.huffingtonpost.com/2008/11/05/palin-didnt-know-africa-i_n_141653.html
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Starring Will Ferrell, Tina Fey, and Darrell Hammond. Written by Adam McKay.
Matthew Dowd, a prominent political consultant and chief strategist for George W. Bush’s reelection campaign eviscerated John McCain on Tuesday for his choice of Sarah Palin as vice president.
Dowd proclaimed that, in his heart of hearts, McCain knew he put the country at risk with his VP choice and that he would “have to live” with that fact for the rest of his career.
“They didn’t let John McCain pick the person he wanted to pick as VP,” Dowd declared during the Time Warner Summit panel. “When Sarah Palin got picked instead of Joe Lieberman, which I fundamentally believed would have given John McCain the best opportunity in this race… as soon as he picked Palin, that whole ready versus not ready argument was not credible.”
Saying that Palin was a “net negative” on the ticket, he went on: “[McCain] knows, in his gut, that he put somebody unqualified on the ballot. He knows that in his gut, and when this race is over that is something he will have to live with… He put somebody unqualified on that ballot and he put the country at risk, he knows that.”
“The match that lit this fire,” McCain said, came from the government-sponsored mortgage companies Fannie Mae and Freddie Mac, which backed risky home loans “with the encouragement of Sen. Obama and his cronies … in Washington.”
Obama shot back: “The biggest problem was the deregulation of the financial system. … Sen. McCain, as recently as March, bragged about the fact that he is a deregulator.”
It was a classic example of Washington finger-pointing. McCain and the GOP blame Fannie and Freddie — which were taken over by the government last month — because the troubled mortgage agencies’ biggest backers were Democrats who said they wanted to increase access to homeownership.
Meanwhile, Obama and other Democrats highlight Republicans‘ longtime focus on limiting regulations for the financial industry.
No single government decision sparked the crisis, but collectively the candidates had a point: Both parties in Congress played important roles in setting the stage for the ongoing financial meltdown.
They did so in moves that reflected not just their ideological priorities, but also the wishes of special interests that have spent millions aggressively lobbying Washington and contributing to lawmakers’ campaigns.
By not reining in increasingly risky investments made by Fannie and Freddie — and by keeping complex financial instruments known as derivatives free from most government oversight — Congress chose not to impose barriers that economists widely agree could have helped stave off the crisis that continues, even after lawmakers approved a $700 billion emergency bailout package for Wall Street.
Here is a look at how Congress’ actions on two key fronts became significant factors in the financial crisis:
Read the rest at USATODAY
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