Saturday, November 1, 2008

Morning News September 8, 2008

by Kevin Flynn - Monday September 8 2008 08:54:28 AM

From Reuters:

Both presidential candidates Barack Obama and John McCain said on Sunday they see the federal takeover of mortgage finance companies Fannie Mae and Freddie Mac as necessary.

... Obama, in Chicago, said that the step was necessary to prevent a deeper economic crisis and he would be reviewing the Treasury plan.

"Given the substantial role that Fannie Mae and Freddie Mac play in our housing system, I believe that some form of intervention is necessary to prevent a larger and deeper crisis throughout our entire economy," Obama said in a statement.

The U.S. government on Sunday seized control of Fannie Mae and Freddie Mac, quasi-public mortgage companies which own or guarantee almost half of the country's $12 trillion in outstanding home mortgage debt, in what could be the largest financial bailout in U.S. history. ... Obama said the plan for Fannie Mae and Freddie Mac needed to focus on strengthening the economy and helping struggling homeowners rather than focusing on "the whims of lobbyists and special interests."

From the Lynchburg News and Advance:

New voters have been registering at a brisk pace that’s going to get faster as the Oct. 6 registration deadline nears, Central Virginia registrars say.

Students are expected to file lots of applications during campus registration drives, said Patricia Bower, voter registrar in Lynchburg, which has three college campuses.

...Statewide, newly registered voters already account for 5 percent of the people on the rolls, according to figures from the State Board of Elections.

Nearly half of Virginia’s almost 223,000 registrations since Jan. 1 were filed by people age 25 or younger, said Valarie Jones, deputy secretary of the State Board of Elections.

...Although Democrat Barack Obama’s presidential campaign has mobilized an army of staffers and volunteers to register new voters — and encourage them to turn out on Election Day — the results won’t be analyzed until at least a day after the Nov. 4 election.

“We just can’t get caught up on our work,” said Bowers, Lynchburg’s registrar.

The applications are “coming in faster than we can get them in” to the computer system, Bowers said.

From the Chillicothe Gazette:

Typical campaign volunteers make phone calls, volunteer at the local office, and even do some door-to-door canvassing.

While Dottie Fay does all that, this year she added a new task - campaign get-togethers at her home.

"We didn't do anything like this in 2004," she said. "It's a fresh approach."

Fay invited friends, family and neighbors to her home to have an informal discussion with Brady Quirk-Garvan, Chillicothe's field organizer for presidential hopeful Barack Obama.

"I feel like there's a lot of important issues we need to discuss like this, out in the open," she said.

The approach may be new to politics, but to the Barack Obama campaign, it fits right in with their "grassroots" approach. Quirk-Garvan said the meetings help to spread the message more effectively than any radio or TV commercial could.

"I do about two or three of these a week," Quirk- Garvan said.

...As for the upcoming campaign, Fay said she will continue to work hard for Obama, and currently volunteers to make phone calls on behalf of the campaign, as a former Hillary Clinton supporter, she said the transition was easy.

"Whoever wins the Presidency will get to appoint a judge on the Supreme Court," she said. "And I don't want the social agenda of the Republicans to take away my rights."

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