Category Archives: McCain

How the Media Shapes the News

John Hinderaker documents some examples of how the media reported on a recent McCain speech on the economy, to illustrate their deliberate attempt to shape the news:

The Los Angeles Times quoted McCain’s speech right up to the point where he started talking about the economy. Then without, acknowledging that the economy was in fact the main subject of the speech, the Times jumped to a quote from Barack Obama to the effect that McCain is afraid to talk about the economy.

Shameless.

Congress Dodging the Meltdown

When the lights come on, the cockroaches scatter. That’s why Congress will adjourn this year without addressing the financial crisis that has hit Wall Street.

As more details emerge about who was in bed with who, it’s becoming increasingly obvious who bears significant, if not primary, responsibility for this mess.

President Bush in 2003 tried desperately to stop Fannie Mae and Freddie Mac from metastasizing into the problem they have since become.

Here’s the lead of a New York Times story on Sept. 11, 2003: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”

Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.

And Bush was not the only one who tried to warn the country of what was coming.

Just two years after Bush’s plan, McCain also called for badly needed reforms to prevent a crisis like the one we’re now in.

“If Congress does not act,” McCain said in 2005, “American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole.”

Sounds like McCain was spot on.

But his warnings, too, were ignored by Congress.

Of course, with the media now a bona fide adjunct to the Democratic Party, the public likely will not hear much of these details until after the election — or maybe never.

UPDATE: Okay, Congress is not entirely passive. Barney Frank’s House Financial Services Committee just voted to overturn a ban on seller-financed down payments for some government-backed loans. According to Nicole Gelinas, this move perpetuates the very high-risk atmosphere that got us in the mess we’re in now.

It seems that Frank and his colleagues remain keen on coddling the tenacious bad-lending lobby (including the National Association of Homebuilders and what’s left of the banking industry), which desperately needs suckers to buy newly built homes at inflated prices so that builders can pay back at least some of their construction debt to the banks and investors. Frank is certainly not looking out for average-Joe home buyers and sellers with this action.

Dems Are Bailing

Joe Lieberman has new company. A key Hillary supporter and fund-raiser has publicly renounced the Obama ticket and supports McCain-Palin. And she argues her case eloquently.

Media Bias — Even the Photos Show It

Ever wonder why most of the photographs of Obama in the mainstream media always seem to capture him as pleasant, dignified, or even saintly, while photographs of McCain seem to show him as sinister, frail, or even evil?

There could be a reason for that.

How Palin Rose to the Top

David Jamieson chronicles the meteoric rise of Sarah Palin to the veep spot. Contrary to media reports, McCain’s pick was not a desperation gambit. There was a groundswell of support for Palin in the months leading up to the selection — just under the radar, but significant and growing. McCain merely cashed in on it. By the time McCain picked Palin,

she had already charmed not just her fellow Alaskans and a devoted University of Colorado at Colorado Springs undergraduate student–the one who launched “Draft Sarah Palin” early in 2007–but also some of the most influential members of D.C.’s conservative establishment.

It was only a matter of time before Palin burst on the national scene, one way or the other.

McCain’s Speech

I would like to tell you what I thought about McCain’s acceptance speech last night, but I can’t. I fell asleep half-way through it. Really.

For all the electricity that Palin has brought to this ticket, the burden of winning this election will still fall on McCain’s shoulders. And I’m not sure he can do it.

First McCain-Palin Video (Unofficial)

Here is the first McCain-Palin video ad, although not produced by the McCain campaign. Pay special attention to what the governor is doing about 30 seconds into the video. My dad (R.I.P.) would have loved this gal.