Diary

MI Morning Update

37 Days until Election Day

September 28, 2008

 

QUOTE OF THE DAY:

“Sen. Obama has the most liberal voting record in the United States Senate. It’s hard to reach across the aisle from that far to the left.”…and…”I don’t even have a seal yet.”

– John McCain
MORNING UPDATE:

SUNDAY MORNING TALK SHOWS…for a summary of the shows, see below.

MORE DEBATE ANALYSIS…MCCAIN SCORED BY MOST ACCOUNTS…there were plenty of articles and analysis written about the first debate.  Almost every major political writer and analyst agreed no one threw a “knock out punch”, but most top political analysts agreed you have to give the win to McCain. 

John McCain showd that he is a leader with the wisdom and experience to lead America. Even Barack Obama acknowledged that John McCain was right at least five times, while steadfastly defending his own record of poor judgment on taxes, spending, and the surge.

CHEBOYGAN COUNTY GOP OPENS AN OFFICE… Cheboygan County Republicans have recently opened a GOP Victory Office at 410 North Main Street in downtown Cheboygan. The office is open Monday through Saturday between now and the election. For more information, e-mail [email protected].

COLLEGE REPUBLICANS….VOLUNTEER YOUTH EFFORT…CALLING ALL COLLEGE REPUBLICANS…The Michigan Republican Party launched its “Brain Drain Express” in a coordinated effort to stem Michigan’s loss of human resources. The MI GOP Youth Counts! Initiative, the parent program of the express, is a logistical support tool for statewide GOP efforts. The program seeks to do three things, raise awareness that under current Democrat leadership in the Michigan House and the governor’s office, the state continue to lose its most valuable natural resource; college graduates.  It also delivers critical volunteers to candidates who are running to stem Michigan’s Brain Drain as well as provides networking opportunities to politically and public policy minded teenagers, college students, and young adults across the state.

Every weekend from now until the election Michigan students will be picked up from campuses across Michigan and transported to state house districts where they are needed most. The Brain Drain Express will be making stops in cities across the state; from Escanaba to Saint Joseph. At each stop students will get a chance to see a little more of the state they call home as well as campaign for candidates who don’t want to see them leave.  For more information please contract Program Director Anthony Markwort at mailto:[email protected]

VOLUNTEERS NEEDED…we are opening up new Victory Centers daily and need more and more volunteers to make phone calls, knock on doors, and put up lawn signs.  The response has been overwhelming, but Michigan will be the key battleground state and we need EVERY person willing to help in anyway they can.  Thanks again for all you do!

 

 

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Check…out…our…online Articles of Interest………News…you…can…use………

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THE REST OF THE STORY:

SUNDAY TALK SHOW SUMMARY:

See POLITICO’s write up.

Sen. John McCain (R-Ariz.) appears on “This Week” for what ABC is billing as his first post-debate interview. “This Week” host George Stephanopoulos also leads a roundtable discussion of the week’s dramatic developments in Washington and on the campaign trail with former House Speaker Newt Gingrich (R-Ga.), The Washington Post’s Steve Pearlstein, The American Prospect’s Robert Reich and ABC’s George Will.

On NBC’s “Meet the Press,” host Tom Brokaw visits with former President Bill Clinton about all things political.

CNN’s “Late Edition” focuses on foreign policy, featuring an exclusive interview with Pakistan’s new president, Asif Ali Zardari.  Host Wolf Blitzer also gets an update on the bailout negotiations from House Financial Services Committee Chairman Barney Frank (D-Mass.).

“Fox News Sunday” welcomes back a pair of familiar Sunday morning faces – Sens. Lindsey Graham (R-S.C.) and John F. Kerry (D-Mass.), the 2004 Democratic presidential nominee. Each will push his respective candidate in this race for the White House – Graham for McCain, and Kerry for Obama.

On C-SPAN, “Newsmakers” features a chat with Democratic Congressional Campaign Committee Chairman Chris Van Hollen of Maryland, who’ll face questions from Charles Babington of The Associated Press and Sarah Lueck of The Wall Street Journal.

Bloomberg’s “Political Capital,” host Al Hunt interviews former Secretary of State Lawrence Eagleburger and former U.S. Ambassador to the United Nations Richard Holbrooke.

 

 

TODAY’S TOP STORIES

The following stories and more are available at my Articles of Interest online.

 

 

Spending bill gets OK; automakers clinch $25B

Andrew Taylor • Associated Press • September 28, 2008

WASHINGTON – Automakers gained $25 billion in taxpayer-subsidized loans and oil companies won elimination of a long-standing ban on drilling off the Atlantic and Pacific coasts as the Senate passed a sprawling spending bill Saturday.
The 78-12 vote sent the $634 billion measure to President Bush, who was expected to sign it even though it spends more money and contains more pet projects than he would have liked.

The measure is needed to keep the government operating beyond the current budget year, which ends Tuesday. As a result, the legislation is one of the few bills this election year that simply must pass. Bush’s signature would mean Congress could avoid a lame-duck session after the Nov. 4 election.

 

Federal loans to automakers could flow in 6 months

9/27/2008, 5:38 p.m. EDT
By KEN THOMAS
The Associated Press

WASHINGTON (AP) – By as early as next spring, U.S. automakers will be able to tap into a $25 billion low-interest line of credit from the government to help them modernize their plants to build more fuel-efficient vehicles.

The Energy Department, which will parcel out the 25-year loans, says it will take at least six months and possibly up to 18 months to get the program running after Congress on Saturday funded it as part of a giant spending bill.

Sen. Debbie Stabenow, D-Mich., said “it’s absolutely unacceptable for them to take six months or longer to implement this program and make capital available.” She vowed to seek prompt funding of the program.

 

Report: Michigan lost 315K manuf. jobs in 8 years

9/27/2008, 10:36 a.m. EDT

The Associated Press

DETROIT (AP) – A new report says Michigan has lost 315,200 manufacturing jobs during the last eight years – a 35.5 percent reduction that represents the biggest percentage decline in the nation.

The American Manufacturing Trade Action Coalition report released Friday says Michigan’s total job loss of 489,900 during the same time period is more than three times worse than during the oil-induced Rust Belt downturn of 1974-82.

Flint, Ann Arbor, Saginaw and the Detroit-Livonia metropolitan area suffered the biggest percentage declines in manufacturing job losses. The worst total job losses have occurred in Detroit-Livonia, Flint, Jackson and Saginaw.

 

Hendrix seeks signatures at Eastern Market for another Detroit mayoral bid

Santiago Esparza / The Detroit News

DETROIT — Freman Hendrix visited shopping centers, including Eastern Market, Saturday seeking signatures for a petition that would put him in the Feb. 24 primary for Detroit mayor.

Hendrix narrowly lost to former Mayor Kwame Kilpatrick in the last mayoral election.

Former Council President Kenneth V. Cockrel Jr. became mayor this month. Kilpatrick left office after he pleaded guilty to two felonies stemming from the text message scandal. The city charter bars those convicted of felonies while in office to continue to hold their elected positions.

 

Lawmakers Reach Tentative Bailout Deal

Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be done is to commit the legislation to paper.

Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi (D., Calif.), and Senate Majority Leader Harry Reid (D.), were flanked by key negotiators in the Capitol as they announced that a $700 billion plan to have Treasury buy up toxic assets had been all but finalized after hours of exhausting negotiations.

“I think we’re there,” an exhausted Mr. Paulson said, a sentiment echoed in the statements of negotiators such as House Financial Services Chairman Barney Frank (D., Mass.) and Senate Banking Committee head Christopher Dodd (D., Conn.).

 

An Alternative Plan

Taking aim at the right market.

By Vince Haley & Kevin Thomas Pigott

The problem with Treasury Secretary Hank Paulson’s $700 billion bailout plan is that it is aimed at the wrong market.

Instead of addressing what Paulson himself calls the root problem – the housing crisis and the failing mortgages originated in the primary market – Paulson’s plan is aimed at the financial instruments of the secondary market, which involve the repackaging of mortgages made in the primary market and the ultimate creation of debt securities backed by those mortgages. 

While the secondary market for mortgage-backed securities is nothing short of a mess, the secondary market is failing because of failures in the primary market. Paulson’s congressional testimony reveals that he knows as much, yet his solution is not aimed at dealing with the borrower-level problem in the primary market.

 

ACORN Issue Fueling Bailout Opposition

By Ryan Grim

Sep 27, 2008

(The Politico) Earlier today, when House Republican leadership framed its opposition to the bailout bill as it currently stands, a principal objection focused on the group ACORN, which the e-mail alert called “the scandal-tarnished ‘community organizing group'” — with scare quotes in the original.

They’re referring to the Association of Community Organizations for Reform Now, a group generally allied with Democrats and derided by the GOP as corrupt, inefficient and a front-group for Democratic efforts on the ground.

In issuing the statement, House leaders are reflecting — and also feeding — a reaction to the provision that has exploded in the last day or more. Our colleague Ben Smith says he’s gotten more than a dozen anti-ACORN e-mails in just the last few hours. The viral uprising is both organic and institutionally driven. Prominent bloggers have fed the flames and so has the Wall Street Journal editorial page; several of the e-mails sent to Smith reference a House leadership alert on the “ACORN Slush Fund” and others refer to the Journal opinion. On Thursday night, Sen. Lindsey Graham (R-S.C.) told The Crypt that his friend Sen. John McCain (R-Ariz.) opposes the provision.

 

Rescuing ACORN

INVESTOR’S BUSINESS DAILY

Posted 9/26/2008

Election ’08: Democrats want to use profits from the bailout as a slush fund for liberal activist groups, even those involved in vote fraud to help elect Barack Obama.

Prior financial bailouts, or “rescues,” such as those involving savings and loan failures, and Chrysler, have over time actually made money for the government. It may be the case here as well, as assets bought by the government at bargain prices return to marketable values and are auctioned off.

One of the sticking points in resolving the crisis was a poison pill in the Dodd/Paulson compromise that would move 20% of profits from the bailout into the Housing Trust Fund, a slush fund for political action groups such as ACORN (the Association of Community Organizations for Reform Now) and the National Council of La Raza.

 

How America can get groove back

BY CAROL CAIN • FREE PRESS COLUMNIST • September 28, 2008

“German engineering. Swiss innovation. American nothing.”

Best-selling author Tom Friedman saw that on a billboard in South Africa a year ago advertising Daimler’s Smart ForFour car and is still seething over it.

Friedman, who has won three Pulitzer prizes, began his appearance at Eastern Michigan University last week pointing overhead to a large screen bearing the slogan and expressing his anger about it.

 

Russia to build missile defence shield and renew nuclear deterrence

Russia is to build new space and missile defence shields and put its armed forces on permanent combat alert, President Medvedev announced yesterday.

In a sharp escalation of military rhetoric, Mr Medvedev ordered a wholesale renovation of Russia’s nuclear deterrence and told military chiefs to draw up plans to reorganise the armed forces by December.