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The Note: McCain Makes Late Turn to Economy

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October 28, 2008 8:46 AM

ABC News' Rick Klein reports in Tuesday's Note:

One week out, we know that one of the following equations will produce a number greater than 270 (and only one could possibly approach 370):

Change + Bush + Virginia + Montana + Ground Game + (Air War x 4) + Axelrod - Schmidt - Neiman Marcus - Backbiting - Surprise +/- Biden + Tina Fey

Experience + Liberals + (Bradley x 2) + (Surprise x 3) + Joe the Plumber + Pennsylvania + Schmidt - Axelrod - Bush +/- Palin +/- Bill Clinton

We know every smart mathematician ends up with the same result these days. But we also know every smart conversation ends with the same two words . . . and yet.

And yet . . . it’s just distinctly possible that this election that’s been all about little things may wind up being about the big things (probably not including seven-year-old radio interviews). Things like national security and public corruption and the direction of the nation and, above all, the economy.

Read the rest of The Note -- and get all the latest on the 2008 election, Congress, the White House and the wide world of politics every day -- from Rick Klein by bookmarking this link.


It’s a formula that even Sen. John McCain appears comfortable with now: Joe the Plumber himself (finally) hits the trail for him Tuesday, ABC’s Bret Hovell reports, and it’s all about the economy for him, too. 

McCain’s latest ad is economic in message, alternating pictures of the candidates (and it’s not hard to figure out which words belong with which man -- and which man looks better in the chosen photographs): “For higher taxes . . . For workin’ Joes . . . Spread your income . . . Keep what's yours . . . A trillion in new spending . . . Freeze spending, eliminate waste . . . Pain for small business . . . Economic growth . . . Risky . . . Proven.” 

But who’s really happier with this turn? “Both candidates are focusing their rhetoric increasingly on economic issues -- a main area of concern for voters in the continuing global financial crisis,” Christopher Cooper and Elizabeth Holmes write in The Wall Street Journal. 

Said former Lt. Gov. Michael Steele, R-Md.: “In the cloud of this economic turmoil a lot of things often times get lost in translation. . . . It is important for campaigns to step back and reassess and remind.”

One basic problem with a debate like this, this late: “Senator Barack Obama, making what aides called the ‘closing argument’ of his campaign, declared on Monday that it was time to ‘get beyond the old ideological debates.’ And then Mr. Obama and his opponent, Senator John McCain, spent much of the day engaged in just such a debate,” Peter Baker and Michael Cooper write in The New York Times. 

Contrast the closing styles: Obama is going broad, with soaring speeches before big crowds -- and McCain is making it all about the attack: liberal vs. conservative, safe vs. risky, the plumber vs. the redistributor.

Continue reading today's Note by clicking HERE.

ABC News' Hope Ditto contributed to this report.

October 28, 2008 in Ballotwatch, Biden, Joe, Bush, George W., McCain, John, Obama, Barack, Palin, Sarah, Romney, Mitt, Vote 2008: Democrats, Vote 2008: Republicans, Washington, White House | Permalink | User Comments (97)

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Obama '08!!!!!!!!

Posted by: Marie | Oct 28, 2008 8:56:52 AM

OBAMA/BIDEN08

Posted by: Angie | Oct 28, 2008 8:59:00 AM

Lets see.. the American Small Business League endorses Obama.
The AFL-CIO endorses Obama
The AARP endorses Obama
Former fed chairman Volker advises and supports Obama and his tax plan
Former fed chairman Greenspan has said he does not support McCains tax cuts.
Top generals and former NATO commanders support Obama.
A huge majority of major newspapers support Obama (when last election cycle, they supported bush only by a very small margin of about 1%)
And the majority of the world supports Obama.

So, we have small business, workers, economic experts, the elderly, the Military, newspapers and the world supporting Obama..

What's left for McCain? The die hard intolerant vote and the evangelicals (and even they are shifting towards Obama). Oh, and those ignorant enough to fall for the GOP sound bite rumor mill, and of course, Al-Qaeda who backs McCain.

http://elections.foxnews.com/2008/10/22/al-qaeda-linked-web-site-backs-mccain-president/

Posted by: jdb | Oct 28, 2008 9:00:44 AM

The latest directive from Our Dear Leader’s National Field Director, Jon Carson, instructs Cultists to take Election Day off and skip out of work and classes for The One.

The pursuit of “Higher Purpose” requires Obama followers to skip out of their jobs and play hooky from school — while others pick up the slack. Don't sweat it, your Republican co-workers can cover for you while you work your holy mission.

Welcome to “redistributive change!”

Posted by: Skip Work for The Messiah | Oct 28, 2008 9:10:56 AM

Did you know McCain plans on reducing the corporate income tax rate from 35% to 25%? This translates into a 28% reduction in corporate income taxes. What is he offering you? This is wealth distribution all right. Steal from the poor and give to the rich!

Posted by: Dan Kelly, C.P.A. | Oct 28, 2008 9:11:01 AM

Hang in there, my fellow Democrats. We're so used to losing that it's hard to believe we might actually win. A week is a long time in politics, but realistically there are only two outcomes: Obama on a squeaker or Obama by a landslide. Either way, wither McCain and wither Palin.

Posted by: rbyanes | Oct 28, 2008 9:13:17 AM

Its over.

McCain knows it.

The Repubs know it.

Srah Palin is already running for 2012.

Posted by: Steve_NJ | Oct 28, 2008 9:18:07 AM

NH VOTER
They are not the only ones, FAT DRUG ADDICT LIMBAUGH contact congress and demand he be taken off the air this country does not need the hate filled racisit likes of him, while you are at it lets stop Hannity of fox news ENOUGH IS ENOUGH!

Posted by: Angie | Oct 28, 2008 9:33:13 AM

From McCain's book Worth the Fighting For:

"I didn't decide to run for president to start a national crusade for the political reforms I believed in or to run a campaign as if it were some grand act of patriotism. In truth, I wanted to become president because it had become my ambition to be president. I was 62 years old when I made the decision, and I thought it was my one shot at the prize...

"In truth, I'd had the ambition for a long time... it had been there, in the back of my mind, for years, as if it were simply a symptom of my natural restlessness."

- John McCain

Posted by: Bob | Oct 28, 2008 9:38:59 AM

Obama says his tax scheme will only raise taxes on those who make 250k.

Then why did Obama, Biden, and the rest of the congressional Dems pass a budget resolution last spring which called for tax increases for those making $42,000 per year and up? 42k is not a very high income!

Democrats’ definition of RICH is highly nuanced and subject to change without notice.

Posted by: Let Me Spread Your Wealth | Oct 28, 2008 9:39:09 AM

Joe the Plumber
Tito the Builder
Reggie the Poilceman
Pancho the Indian
And Lance the Sailor

Come on, everyone....It's fun to stay at the Y.M.C.A....

Posted by: What is McCain trying to Say? | Oct 28, 2008 9:40:08 AM

"Here's what I really believe: That when you reach a certain level of comfort, there's nothing wrong with paying somewhat more."

John McCain at Town Hall Meeting

Posted by: GO HYPOCRISY | Oct 28, 2008 9:43:36 AM

Yes Angie, let's silence everyone who disagrees with Obama and the liberals. It's just a constitutional guaranteed right of all Americans (free speech) - no big thing to do away with. Sounds like Obama's tactic to silence all adversaries has rubbed off on you.

I hope you all are prepared for what you are getting in to!

Posted by: 4mr democrat | Oct 28, 2008 9:51:50 AM

Then why did Obama, Biden, and the rest of the congressional Dems pass a budget resolution last spring which called for tax increases for those making $42,000 per year and up?
-----------------------
Barack Obama voted on a resolution to end the Bush tax cuts. That's it.

The resolution would NOT have raised taxes on its own without additional legislation. And in the new legislation Obama does not propose a tax increse for a 42k income level.

According to FactCheck.org, Obama's economic plan would produce a tax cut for the majority of American households, with middle-income earners benefiting most.

Posted by: Answer - You are misleading | Oct 28, 2008 9:55:06 AM

The placard on the Obama statue reads
"hungry out of work I will feed you Lazy out of work I will feed you,Here illegally not paying taxes I will feed you,From each according to his ability, to each according to his need, obamanation for all"

Posted by: reddog0216 | Oct 28, 2008 9:56:18 AM

Angie,

I have to agree with 4mr Democrat on this one.

The 1st amendment should apply to everyone, even the hate filled lardasses who lead their moromic lemmings by fabricating stories and manipulating the truth should be allowed to speak.

Most of America realizes how they've been manipulated for the last 8 years. These same "journalists" lavished praises for Bush,the GOP, and their policies. We see where that got us.

They can't hide from the socio-economic reality of Republican "leadership". All they have left are accusations, inuendo, and fear. But that's they've ver had really. It's just not working this time.

Posted by: Agree, but disagree | Oct 28, 2008 10:03:22 AM

The placard on the McCain statue reads:
"I've got my health insurance, the hell with anyone else. Big Oil, you are in for billions more in tax breaks. Big Business, I'll give you tax breaks to move to Mexico. I'll tax your health benefits, and cut your Medicare."

McCain for himself and rich pals.

Posted by: William J. LePetomaine | Oct 28, 2008 10:07:38 AM

Reddog,

Your gross oversimplification of a restructured tax plan (to one we had just 8 years ago), condescending view of those in need, and lack of any legitimate argument has been noted.

Thank you for your uninspiring sarcasm and claims that have no basis of fact or credibilty.

Now let the adults have the computer back please.

Posted by: More Dribble from the Right | Oct 28, 2008 10:08:57 AM

This was McCain winning argument all along - but it is too late now. ................


http://thefiresidepost.com/2008/10/27/mccain-has-found-his-voice-but-it-is-too-late/

Posted by: Ohg Rea Tone | Oct 28, 2008 10:13:04 AM

William J. LePetomaine
Tax increases are the reason they go to mexico and he is not cutting medicare benifits more left wing talking point crap

Posted by: reddog0216 | Oct 28, 2008 10:13:18 AM

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