Saturday, November 1, 2008

Morning News

by Kevin Flynn - Monday September 22 2008 08:17:29 AM

From the Charlotte Observer:

In Charlotte's biggest political rally in decades, about 20,000 people Sunday heard Barack Obama link John McCain and his party to an era of greed and irresponsibility on Wall Street and in Washington."

"They said they wanted to let the market run free but instead they let it run wild," Obama said. "And now we are facing a financial crisis as profound as any we have faced since the Great Depression."

Obama, in shirtsleeves and tie, spoke for 30 minutes to a crowd that in many cases skipped church and a televised Panthers' game to see a part of presidential history.

...It was the city's biggest gathering for a candidate since Democrat Bill Clinton drew 15,000 to nearby Marshall Park weeks before winning his first term in 1992. In 1984, Republican President Ronald Reagan drew 40,000 in south Charlotte.

Lines backed up for blocks on Third and Trade streets before and during the rally. Some people never made it past the security perimeter.

...In the heart of the country's second-biggest banking center, Obama called the government's proposed $700 billion Wall Street bailout "sobering." He sought to blame the deregulation generally favored by Republicans.

"And yet Sen. McCain, who candidly admitted not long ago that he doesn't know as much about economics as he should, wants to keep going down the same, disastrous path.

"He calls himself 'fundamentally a deregulator,' when reckless deregulation and lack of oversight is a big part of the problem … The radical idea that government has no role to play in protecting ordinary Americans has wreaked havoc on our economy."

..."John McCain rejected complacency and political calculation in favor of a direct call for updated, effective regulations that will protect Americans' homes, savings and jobs," Bounds said. "We cannot afford a directionless driver like Barack Obama."

Obama called for another $50 billion "stimulus" payment to taxpayers. He has also called for overhauling the country's regulatory system. He promised to end tax breaks to companies that ship jobs overseas, eliminate the capital gains tax for small businesses and start-ups, invest in a "green" economy and end the war in Iraq.

"If we can rebuild Baghdad," he said. "We can rebuild Charlotte and we can rebuild North Carolina."

From Reuters:

Democratic presidential candidate Barack Obama on Sunday called the $700 billion price tag for a financial market bailout "staggering" and said the final product must protect U.S. taxpayers and include a commitment to new regulatory reforms.

At a rally in downtown Charlotte, North Carolina, Obama laid the blame for the Wall Street crisis on Republican economic policies favored by John McCain, his rival in the Nov. 4 presidential election.

"We're now seeing the disastrous consequences of this philosophy all around us -- on Wall Street as well as Main Street," Obama told the crowd estimated at about 20,000.

...Obama said any final package must ensure that taxpayers and homeowners were protected. He said it should include a global response and a commitment to broad regulatory reforms that would prevent another crisis.

...The visit to North Carolina is Obama's third in the general election campaign. The state is traditionally a Republican stronghold in presidential elections, but Obama has tried to make it competitive this year.

From the Philadelphia Inquirer:

At 3:17 p.m., Joe Biden, the longtime U.S. senator from Delaware, steps off the Acela train at the Wilmington Amtrak station - and rushes back to say goodbye to the conductor.

Then, walking down the station steps, he catches sight of an Amtrak ticket agent he hasn't seen in four years.

"How have you been?" Biden enthusiastically asks Saketha Martin, 42, now based in New York.

Since Biden became a vice presidential candidate, Democrats have pointed to his commute as a metaphor for his accessibility and down-home style.

"He never moved to Washington," Barack Obama said in his speech at the Democratic National Convention, where he introduced Biden as his running mate.

"Instead, night after night, week after week, year after year, he returned home to Wilmington on a lonely Amtrak train."

...For more than three decades, beginning after his first wife and daughter died in a 1972 car crash, Biden traveled alone between Wilmington and Washington. He did it initially to be with his remaining two children at night. Over the years, he made lifelong friends of Amtrak personnel and fellow commuters.

So, before leaving the station, he made a point of ducking into Primo Cappuccino to shake hands with staff.

"Since the news on the vice-presidential choice, he's not alone any longer," said Rick Atnip, who works at Primo Cappuccino. He recalls how Biden, until late August, used to swing by in the mornings to chat over a cup of black coffee.

Once the train pulls into Union Station, Biden has a seven-minute walk through the Lower Senate Park to his office on the second floor of the Russell Senate Office Building. In the yellow reception room is a prominent photograph of his family, including his two sons and a daughter with his second wife, Jill.

From the Badger Herald:

Sen. Barack Obama and his wife will be visiting several different Wisconsin cities today.

Obama, the Democratic nominee for president, will hold a campaign event in Green Bay, and his wife Michelle will hold three separate events in Madison, Milwaukee and Wausau. This will be Obama's third visit to the state in the last month but his wife's first since Wisconsin's Democratic primary in February.

...Michelle Obama will host Wisconsin Women for Obama rallies in both Madison and Milwaukee. She will also host an economic roundtable discussion with working women in Wausau.

"This is part of the Women's Week of Action," said Phil Walzak, Wisconsin communications director for the Obama campaign. "She's going to be addressing issues that are of interest [to women]."

According to the campaign, the purpose of the Women's Week of Action is to emphasize the choice women have when voting about issues that matter most to them. These issues include equal pay for equal work, family leave and other pocketbook issues.

Michelle Obama began holding the roundtable discussions a year and a half ago to hear the economic concerns of women across the country. In addition to the discussion held in Wausau, Michelle Obama will be traveling to Richmond, Va., and Charlotte, N.C.

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