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First Read: The day in politics by NBC News for NBC News
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FIRST THOUGHTS.
*** Has The Worm Turned? After the news of the crisis on Wall Street, McCain's
"the fundamentals of our economy are strong" stumble on Monday, the slip-ups
yesterday by McCain's two biggest economic surrogates (see below for more on
that), and four days of sustained TV ad and email blasts by the Obama campaign
and the DNC, the political worm seems to have turned a tad since the Palin
bounce. Indeed, while we're not crazy about focusing too much on those daily
tracking polls, their needles have moved in Obama's direction the past couple
of days (and we bet that continues today). And guess what -- we're not talking
as much about Palin as we were last week, except for the latest developments in
the Troopergate scandal in Alaska. The race has turned back into McCain vs.
Obama, and it currently is sitting on turf (the economy) that should favor
Democrats. In fact, even the McCain campaign tacitly acknowledges Palin's off
the front pages with a new TV ad today that doesn't mention Palin at all -- not
even a "McCain-Palin" Administration. It's simply McCain. By the way, a
car-bomb attack today on the US embassy in Yemen (which killed 16 people,
including six security forces, six terrorists, and four civilians) reminds us
that the focus of the presidential race -- as well as that political worm --
can turn at a moment's notice.
*** McCain Targeting Gordon Gekko: But even with the attack in Yemen, today's
focus will probably remain on the economy. Both candidates have new TV ads in
which they speak to the camera about the current troubles on Wall Street.
Here's McCain's, which his campaign says will be televised nationally: "You,
the American workers, are the best in the world. But your economic security has
been put at risk by the greed of Wall Street. That's unacceptable. My
opponent's only solutions are talk and taxes. I'll reform Wall Street and fix
Washington. I've taken on tougher guys than this before."
*** Gone In 120 Seconds: Meanwhile, Obama's out with a two-minute TV ad on the
economy -- a sort of a mini-address to show he's taking the current Wall Street
crisis seriously. "Here's what I believe we need to do," he says in the ad.
"Reform our tax system to give a $1,000 tax break to the middle class instead
of showering more on oil companies and corporations that outsource our jobs.
End the 'anything goes' culture on Wall Street with real regulation that
protects your investments and pensions. Fast track a plan for energy
'made-in-America' that will free us from our dependence on mid-east oil in 10
years and put millions of Americans to work. Crack down on lobbyists. And yes,
bring a responsible end to this war in Iraq so we stop spending billions each
month rebuilding their country when we should be rebuilding ours. Doing these
things won't be easy. But we're Americans. We've met tough challenges before.
And we can again." This ad isn't just a contrast with McCain; it's actually a
contrast with President Bush. In the last six months since the country's
economic problems have been front-page news, Bush hasn't done a major address
to the nation like he has when there has been international news. By the way,
neither this Obama ad nor McCain's emphasizes jobs. They both talk about them
(or imply them), but they aren't the lead.
First Read with NBC News Political Director Chuck Todd, every weekday on
MSNBC-TV at 9 a.m. ET.
For more: The latest edition of First Read is available now at
http://www.FirstRead.MSNBC.com !
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