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Monday, September 22, 2008

Dem Campaign Chatter 9-22-2008

George Wenschhof

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Today, Obama is in Green Bay, Wisconsin - He is scheduled to deliver a major speech on the economy. Biden is in Baltimore, Maryland and Michelle Obama is in Wausau, Madison, and West Allis, Wisconsin. Michelle Obama has been a constant on the campaign trial. With the three of them all doing a great job on their own they are able to cover much more ground and talk personally to more voters than McCain and Palin.

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National Poll average remains close - Obama 47.6% and McCain 45.6% - this is an average from polls taken from 9-9 to 9-21-2008. RealClearPolitics.com has the details here.

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House Speaker Nancy Pelosi says we will not hand over a 700 Billion blank check to Wall Street - Speaking to Congress, she called for independent oversight, protection for Homeowners, and constraints on excessive compensation. Thepage.time.com has the text of her remarks here.

It is also important to keep in mind that it took years of abuse and the failed financial policies of the Bush administration to put the country in this financial crisis. It is doubtful, a 3 page program, written in a few days that essentially only says the US government will buy up all the bad bank loans (including foreign banks) will solve a problem that has existed for so many years.

The big question is will the 700 Billion bail out plan offered by Treasury Secretary Henry Paulson even work? McClatchydc.com has a good read here.

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President Bush issues statement this morning that there is not room for negotiation on his proposal -even as economists from the left and right question the proposal. Thepage.time.com has more here.

Stay Tuned for this decision by Congress will effect the day to day lives of every voter.

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McCain Campaign Manager Rick Davis on payroll of Fannie Mae and Freddie Mac for five years and 2 million - his pay was $30,000 per month - his job was to keep stricter regulation on them from being implemented. The NY Times has more here.

Let's see how McCain pivots away from his decades of support for deregulation, the major factor in the economic meltdown the country is experiencing today.

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In addition to not knowing how many Homes he owns, now it is disclosed he owns at least 13 automobiles - these disclosures make it difficult for the average voter to identify with McCain as they struggle to pay their day-to-day bills. CNN.com has more here.

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Former Maryland Lt. Governor Michael Steele to stand in for Obama as McCain prepares for Friday's debate - This will be the first of three Presidential debates. The Wall Street Journal has more here.
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