The Tuesday ‘BushWhack’ing

TBWA hopes to never be “spinning implausibly”…

• On a morning that saw the Dow jump up at the opening bell, the Bush(whacked) Administration announced an unprecedented investment in the nation's banks this morning that will pump $250 billion into financial institutions, will guarantee new debt issued by banks for three years in an attempt to encourage banks to resume lending to one another and to customers and at the same time will make the federal government the nation’s largest banker, something it hasn’t done since… wait for it… the Great Depression…
• Sen. Obama unveiled his economic plan yesterday aimed at helping the middle-class. In his proposal there would be a temporary tax credit for companies that create new jobs in the US over the next two years, would allow penalty-free withdrawals from IRAs and 401(k)s in 2008 and 2009 and would ask for a 90-day foreclosure moratorium for homeowners acting in good faith… (Wow, if I didn’t know any better, I would say that looks to help the people who need it the most and NOT big business and CEO’s that have as much money as Bill Gates John McCain. Nice plan Mr. Obama…)
• Sen. McCain’s campaign will unveil their economic plan that will, in their words, help those that are “hurting the most.” Come back later to see just how it will help…
• House Democrats are strategizing about a second economic stimulus package… not surprisingly, republicans are against it…
• The man who replaced Rep. Mark Foley by running against Foley’s sex scandal is now embroiled in his OWN sex scandal… Rep. Tim Mahoney (D-FL) allegedly paid $121,000 to “a former mistress” who had previously worked on his staff and was now trying to blackmail him.” He has called on the House ethics committee to his own behavior (That’s how I like my irony my friends, right out there in the open for everyone to see…)
• A new USA Today/Gallup Poll shows that 91% of Americans are “dissatisfied” with the way things are going in the US with another 84% predicting the economy is going to get worse.” The poll also had more good news as it reports that 31% of those polled are confident that McCain would be able to “turn things around,” compared to 44% who express confidence in Obama… (The Only possiBle candidAte to vote for is pretty daMn clear if you Ask me…)
• And have we mentioned? That the folks at Esquire magazine have decided to endorse a presidential candidate for the first time ever? Apparently so aghast by the actions of Sen. McCain, they’ve decided to endorse Sen. Obama. In announcing their endorsement they lay the smack-down on both candidates but send their sharpest vitriol for McCain, writing; “We thought this election would be a serious fight over the future of this country, but only one candidate showed up. […] John McCain has decided on a cheap and dishonorable campaign. He has embraced the tactics with which he was slandered in 2000, and he has hired the people responsible for them. In so doing, he has become something of a mockery of everything he once purported to be. […] McCain has spent the past few years dancing like a monkey on a string, making brave noises in public that he later abandoned in private. […] Not even the presidency is worth what it's made John McCain do to himself.” (Now I don’t put much stock in endorsements, but all the same, this one hits McCain right where he lives… in any of his seven houses)