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Debate Starts: Economy First

Yesterday, I used the "train wreck" metaphor about the economy in one of our blog posts.

In the opening debate of the final push of this presidential campaign, Senator McCain used that metaphor. It seems that at this critical night, both Senator McCain and Senator Obama are saying that they saw the train wreck coming, and called for preventative measures.

Senator McCain cited his decision to call for the resignation of the Securities and Exchange Commission. Senator Obama said that he'd sounded the warning whistle two years ago, and contacted the Secretary of the Treasury two years ago.

This was supposed to the foreign policy debate, but predictably, moderator Jim Lehrer started out with the economy. On our show today, on the Reporter's Roundtable, we asked the Chicago Tribune's Clarence Page and Marcus Mabry of the New York Times whether the American public at large had an appetite for talking foreign policy at a time when the nation was hit so hard economically. (Answer: almost certainly not.)

But Marcus is an experienced foreign correspondent (South Africa and France), as well as a business expert, and as he's said on our air many times, the U.S. economy is hardly uncoupled from that of the world. For example, China holds at least half a trillion dollars in U.S. debt. China hasn't come up in the debate yet ... nor in a serious means, America's debt ... but how the government handles that debt (and how the holders of that debt handle their stake) will surely shape America as well as any kind of bailout.

An interesting rhetorical note: Lehrer keeps asking these gentlemen to speak to each other. Instead, they address the audience with a third-person about their opponent (i.e., "Senator Obama"; "Senator McCain") instead of a second-person "you." I'm not sure why that is ... perhaps they think it speaks more directly to the audience? Or it's less confrontational?

More soon.

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I thought the debate did a disservice to both candidates...with Jim Lehrer trying to get them to talk to each other....treating them like 2nd graders...oy! We REALLY need a better format...maybe NO moderator. We want them to slog it out and remain presidential which is impossible, but maybe making them both just face the crowds like a big press conference together would be better. Anything would be better.

Sent by Gayle Schlenker | 10:52 AM ET | 09-27-2008

I noticed this issue of the lack of second person when they were speaking. I think Obama did try but McCain just kept saying "Senator Obama," so Obama returned to that style. But it was weird. Another thing that was not pleasing to me at all was that McCain kept saying that Obama "just doesn't understand" things. It's meant to work with naivet?? and the question of experience, but it sounds insulting. Furthermore, how can you attack for being an elite b/c he went to Columbia and Harvard and then say that he "doesn't understand"? As with Palin's "community organizer" line, I think this was a coded message to the audience that Obama doesn't understand because he's black. Normally, I would give McCain a break on his choice of words, but given the way he has played the media like a fiddle lately with Palin and the "suspending campaign" moves designed to control the news cycle, I think this choice of phrase was quite purposeful on the racial angle (no one in his staff would have thought that when they were rehearsing it?).
Ultimately, though, I do think the debate was a draw, except that McCain came off as superior and condescending, which is weird because really he doesn't seem to come off that way most of the time.

Sent by Javier | 3:24 PM ET | 09-27-2008

Iwonder if Palin will be scanned before she goes to debate.I can't imagine that she will survive any debate without some kind of electronic bug in her ear. what do you think?

Sent by crowsong | 10:52 PM ET | 09-27-2008

The following is an interview with John McCain in the 1990s predicting a crisis due to out of control government spending.
http://moneynews.newsmax.com/streettalk/mccain_depression_video/2008/09/26/134808.html

Also, the second link gives a clear, simple explaination of the housing melt down.

http://www.youtube.com/TheMouthPeace

Sent by Susan | 11:40 AM ET | 09-28-2008

There is a web-site that I was currently made aware of, publicmarkup.org, that allows you to read proposed bills. The proposed bailouts are on there and asks for comments on any part of the bailout. Another small step for democracy using the internet.

Sent by Juan | 10:34 AM ET | 09-29-2008



   
   
   
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