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Debate Foreshadows the Debates

The first high-profile political debate since the bailout of American International Group foreshadowed what the upcoming presidential debates might sound like. Hint: Get ready for discussion about bailouts and regulation to drown out talk of “experience” and “change.”

The debate, between former Virginia governors Mark Warner and Jim Gilmore, who are vying for a U.S. Senate seat, was held earlier today in McLean, Va.

It took about 10 seconds for Warner to bring up the “melt-down” on Wall Street. Gilmore opened by saying it was a time of “crisis and challenges.” The first round of questions focused on the recent economic upheaval as well.

Neither Gilmore nor Warner had a satisfying take on the turmoil. The Obama and McCain campaigns should take note. When the two presidential candidates square off, their answers will have to be more convincing and more detailed. At a time of such severe economic crisis, the usual vague campaign promises won't do.

Warner said these were the “rockiest economic times of my lifetime,” and added that politicians in Washington and financiers on Wall Street were asleep at the wheel. He said the bailouts proved that there is a need for increased regulatory oversight and emphasized the need for a long-term plan.

Gilmore agreed that there was a need for regulation, and attempted to link the financial tumult to rising energy costs. He said raising taxes, which he said both Warner and Barack Obama support, could make matters worse.

Both candidates said the CEOs in charge of the failed financial institutions shouldn’t receive outsized compensation packages. And both criticized greed on Wall Street.

There was one moment of economy-related levity. After the debate, a reporter asked Warner what he thought about the bailouts. “Which bailout?” he replied with a grin.

By Steven Stein  | September 18, 2008; 1:34 PM ET
Categories:  Stein  | Tags:  Steven Stein  
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Comments

Real Brother here.

I think its silly for any of us to try to shape the debates or to speculate on what issues will be debated. Who are we kidding here? This election is about White Racists, Supremacists and Black man hating lesbians and whether or not their numbers can push John McCain over Barack Obama who is a MILLION TIMES more qualified for the office.

The only issue this Country is concerned about is Racism and White Supremacy and whether or not its going to be the downfall of this Nation.

TKCAL

Posted by: Realbrother | September 18, 2008 7:40 PM | Report abuse

I really hope the media does their homework in preparing for these debates and throws no softballs. Because this is BRILLIANT: the campaigns have been outrun by the times, and have lost the ability to pre-set the issues in the campaign. Now the issues are regulatory and financial subtleties that will really test the intelligence and agility of the candidates. H'mmm. I wonder who will look good?

Posted by: Martimr1 | September 19, 2008 1:22 AM | Report abuse

This election is about an black man trying to play an "Angry" black man because he doesn't have anything to be angry about. He just wants to fool the black voters and he's doing a good job with the exception of not understanding the rest of us read. This guy is a POSER with absolutely no experience. The fundamentals of the economy are strong. The MSM goes hysterical every time the market burps. If BHO was so worried, why did he take money from Fannie Freddie and why doesn't he know more since Jim Johnson is one of his main advisers. You know, Jim Johnson, of Fannie Freddie, the guy that made millions and should know how effed up it is. BHO should have already had an answer, but instead he has shown us how he would lead. Not talk about it. Kind of like voting present.

Posted by: Sunny | September 19, 2008 9:07 AM | Report abuse

For once I hope we have an election about who will fix the great problems facing our country and not who is most like us or who can put out the best attack ads.

Posted by: Anonymous | September 19, 2008 9:35 AM | Report abuse

PALIN BACKED RON PAUL? http://www.veeppeek.com

YESTERDAY MORE CAME OUT ABOUT SARAH PALINS ALLEDGED AFFIAR. http://www.hotpres.com

Posted by: Anonymous | September 19, 2008 9:35 AM | Report abuse

Obamanomics and Patriotism

Well, if Biden and Obama are such patriot's they won't mind selling their big houses to live in a nice modest home and send their children to public school. Then the government can take both of their hard earned excess cash and redistribute it to who the government think needs it. I mean these upright men of character, virtue and fortuitous won't mind because they are so patriotic and should set the example for the rest of us. right?

They both won't mind taxes on their capital gains, 401K, senator's retirement funds. They should be most happy to share with the rest of us their good fortune through hard work. Shouldn't they? Why wouldn't they do this for the people they say they love and understand? If I have to do it, shouldn't they as professed saviors of America? What is stopping them from starting right now to show us how it is suppose to be done?

This is a serious matter. This is exactly Obama has in mind for the country but not himself. I think Obama and Biden should put up or shut up! Show me the way you proposed great leaders!

Posted by: dragonfly777 | September 19, 2008 11:03 AM | Report abuse

dragonfly

You make no! Tell that to Palin & her husband who were both making over 200,000 each a year. Did her husband go to college? Did either pursue grad school degrees?

Tell that to MCCain and his wife who still won't disclose how many houses they own! Could profits from Ms. Mcain's beer company build better housing and schools in the Appalachian Mountains for poor whites. Probaly so!

Obama is not a socialist. He is not trying to redistribute wealth. He is merely asking the richer Americans to pay slightly higher taxes to regulate an economy. Even rich people are having problems selling their 3.5 million homes. A solid middle class is in the interest of every body. Look at China, their middle class is growing and they have the most new millionaires. They have human rights issues but at least their economy is sound and who knows? They may replace us as financial giants. We owe their banks most of our war debt.

your comment is a typical angry comment of no value. Biden is one of the poorest politicians talk to the rest who do nothing to regulate and enjoy all type of financial perks. Talk to the president about the millions he made off the war....

Posted by: Truth | September 19, 2008 11:17 AM | Report abuse

We have had the silly season for way too long talking about lipstick, pregnancy, Britney Spears and all the other distractions etc. Unfortunately, we have an American Idol culture and most Americans have a major problem with focus. That's how we got into all this mess in the first place. Now it's time for adults to talk about the issues, real issues. When the real issues are discussed in this political climate favor the democrats because need I remind the public that the republicans have been in power for the last eight years.

Posted by: Paul A | September 19, 2008 12:54 PM | Report abuse

Get a clue, real brother, lesbians love that a black man is running for president. just because we are women who love women doesn't mean that we would vote for an anti-femininist, lipstick wearing pitbull with a machine gun.

Posted by: respondent to real brother | September 19, 2008 1:25 PM | Report abuse

Something of value in this whole crisis would be a clear description of the problem...before the candidates are shouting hollow solutions that are incomplete and unintelligible.

Go to Ross Perot's site http://perotcharts.com/
He has excellent slides (from the GAO) which are hopefully non-partisan. He describes the problems facing our country. The mortgage, S&L bailout and other things current are SMALL compared to the national debt.

I'd like to hear one candidate walk us through the problem (Perot did and does this very well). Then, show us a plan that will fix it. Give us the Big Picture. I don't care if it involves firing the SEC chief--that's MINOR compared to what needs to be done. I have no confidence in either candidate's ability to clearly and concisely articulate the problem AND then present their case for the solution.

It would be hard, like a Ph.D. thesis, but shouldn't we demand this level of analysis from our future leaders. Professors have to have peer reviewed work and work towards tenure while maintaining professional ethics and creating valuable research. Shouldn't our next president at least provide us the level of detail that would allow us to decide who's got the better plan?

Instead, the analysis we hear is more like a 5th grader's schoolyard (but that doesn't even compare because the TV show seems to prove that many people aren't smarter than a 5th grader...maybe this is both campaigns' strategies to bring us a message we can understand).

Posted by: dave g, minneapolis | September 19, 2008 2:00 PM | Report abuse

The Republicans and the Democrats have created an organization called the Commission on Presidential Debates (CPD) for the purpose of excluding third party and independent candidates from the political process.

Every four years, the two major parties negotiate a complex contract which excludes other presidential candidates from the national debates.

In previous years, this contract was made available to the public. This year, the two negotiators for the secret contract http://www.opendebates.org/makecontractpublic.html
were Senator Lindsey Graham (R-SC) and Representative Rahm Emanuel (D-IL). In order to protect the the Obama and McCain campaigns from public criticism, the Commission on Presidential Debates has refused to release this back-room contract for public inspection.

In order for your voice to be heard in this important presidential election, it is critical that this contract is made available to the general public before the debates. The two parties have put tools in place to limit freedom of speech and to limit the options that we hear as voters.

Get your mind prepared to present a polite but well-worded message. Call the Commission on Presidential Debates at 202-872-1020.

Posted by: frodo | September 19, 2008 2:12 PM | Report abuse

In a follow up to my previous post, I have to ask the question:

What is a debate?
This year's debate rules are not public.
But in '04 the rules @ http://www.opendebates.org/news/documents/debateagreement.pdf

Stated in Sec 5 (f):
"The candidates may not ask each other direct questions, but may ask rhetorical questions."

How is THAT a debate? Did Lincoln and Douglas do it this way?

The backroom dealings of the two parties amount to collusion to win the campaign (they essentially are agreeing that THEY must not let anyone else in). This is not American! This is not Freedom.

Posted by: dave g, minneapolis | September 19, 2008 2:28 PM | Report abuse

Oh my goodness, how blind can you be? Let me telling all "my friends" a little something about the prospect of cutting taxes on the rich so it might trickle down to US-yeap you see what trickled down(bail-outs for who? not you "my friends"). This is right of the Republicans play book, pander to the rich and stress 'wedge issues' until the writing is on the wall. mccain the de-regulator (I cough-KEATING 5) wants less government and makes people think he is cutting taxes, he is but not for you folks who are making less than $250K. How many of yall make your living selling stocks and paying capital gains?

Oh we were talking about debates, I'd like to debate 'sunny' the white boy (<--just guessing) Since he likes to throw out hue's.

Darn it, I forgot to discuss the 'Debates'

Posted by: I'm Laughing | September 19, 2008 9:01 PM | Report abuse

Obama IS a Socialist in Democrats clothing. He is proposing Government backed healthcare, more regulation in the free markets, wants to tax the 'rich' so they can pay more and supposedly the rest of us pay less. The problem with that, is that the 'rich' are the majority of the ones that run businesses that hire the rest of us in the first place. What is the incentive for someone to set out and start a business when the govt is going to step in and take more money out of their pockets? Furthermore, he sponsored the Global Poverty Act 2007 along with co-sponsor Biden, in that the G8 Nations (at the time of its writing) are to collectively GIVE 25 Billion dollars a year to the entire continent of Africa, doubling to 50 Billion by the year 2010. I understand that charity is a good thing and positive for humanity, but I want to choose where and what my money goes to in that situation, the Federal Government should keep their hands out of our pockets and let us choose when and how to help others. He is basically stating that the US will pay taxes, to give to someone else in another country when the US is Trillions of dollars in debt and the Social Social Security program is broken. Before we can get others out of poverty and help them, we must first take care of ourselves. To check the Global Poverty Act out for yourselves, go to http://www.govtrack.us/congress/billtext.xpd?bill=s110-2433&version=rs&nid=

Dont get me wrong, I do not back McCain either. He lied to Wolf Blitzer about the conditions in Iraq on a live interview. When asked about it later, he stated that he was just trying to make a point. If he will lie about the security of out military overseas, what else will he lie about to get in office?

I'm going to invite everyone that is posting and reading on this reply string, to go to www.bobbarr2008.com and click on the issues tab. Take that information and compare it side by side with the other candidates information. You will see that Bob Barr is the only candidate that has a firm grasp on the situation and has a plan to implement the changes that are his platform.

Posted by: Brian S | September 19, 2008 11:39 PM | Report abuse

Look. We can sit around on these blogs and spin, parse, slice and dice the events of this week to suit our own ideological biases all day. But, in the final analysis, this was a monumental failure of conservative, supply side, deregulatory economic theory.

There is nothing new in this. If you go back and look at Andrew Mellon's and Herbert Hoover's policies in the 20s that led to the Great Depression, Nixon's famous bailout of Chrysler in the 70s when he made that infamopus comment that "Now we are all communists...", to Reagan's sudden epiphany to raising taxes when David Stockman confronted him with the stark reality that his supply side tax cuts did not increase revenue as much as they had anticipated, to the bailout of the Savings and Loans in 1989, to George H. W. Bush's own epiphany which required him to break his pledge of "Read my lips..." in 1990. And now we have Bush's sudden conversion to what the right is calling the road to socialism.

John McCain is also having an epiphany. Last week he was the tough, no nonsense deregulator, the fiscal conservative who would continue the Bush tax cuts. This week, he is the tough, no nonsense reformer who will mete out economic justice by firing the head of the SEC. That ought to do it! Right.

When are they going to face the unpleasant reality that the problem isn't in the stars, it is in themselves and their fanatical devotion to an unserviceable economic theory.

Posted by: Jaxas | September 20, 2008 9:57 AM | Report abuse

Democrats for John McCain and Sarah Palin in 2008.

Posted by: Sarah | September 20, 2008 10:47 AM | Report abuse

Sarah...

I understand that you're excited about being a Republican and all, but I ask that you look at McCain and what he stands for instead of sticking to the party line.

McCain has stated in video clips that he is not against the US military staying in Iraq for '100 years' if we have to. I understand that he cant do that, but that does mean that he isn't against them being there indefinitely.

Check out this video link, listen to McCain in a town hall type meeting and 2 separate interviews and the statements he made at :15, 2:30 and 3:30

On the John McCain website on issues, it says that:

The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.

How can there be victory if we are still there fighting in the first place? Not to mention he is favoring the 'gas tax holiday' from Labor Day to Memorial day to help lower the cost of gas. That will only increase the demand and drive prices higher.

There are plenty more issues, but I don't want to type it all on this reply string. It's doubtful that such a post would be read anyway. I just wanted to bring a couple of points up and try to shed some light on some things.

I'm going to invite you to check out www.bobbarr2008.com and check out the issues tab. Do the research yourself, with all 3 parties issues tabs side by side and make your decision that way.

I'm not a Libertarian and as I stated earlier, however I do feel the same way about a majority of the issues. Even if I was, I don't believe in voting the party line anyway, I believe in looking at the person.

Posted by: Brian S | September 20, 2008 11:57 AM | Report abuse

Since the subject is debates it is interesting to note that rules are being set.?did Lincoln -Douglas have political professionals arrange rules for their debates.
According to the reports the Republicans are keeping a very tight agenda on time,subjects,questions etc. for Sarah Palin-Biden. They say "she is inexperienced and may be taken advantage of". Wow,I hope these same guys protect her from Putin,China,North Korea,Iran and the multiple lobbyists she might have to deal with. I thought the inexperienced outsider was going to shake up those old Washington Politicians like Biden. Why would she need protection.Sara Baraccuda,the "hot chick",the pit bull etc. then Joe Biden would need protection.
ion?

Posted by: Anonymous | September 20, 2008 6:58 PM | Report abuse

I agree, there should be no 'protection' used with Palin in regards to the debate. That reminds me of boot camp (I went to my boot camp in the late 80's) I think maybe the late 90's, when recruits could hold up a 'stress card' when the instructors were being too tough on them. My thinking at the time was that a 'stress card' wont do anything for you on the field of battle or any other situation that is getting heated up.

If Palin wants to play with the boys, she has got to deal with what is thrown at her.

Although I still believe that Bob Barr should be added to the Presidential Debates and Wayne Root should be added to the VP Debate.

Posted by: Brian S | September 22, 2008 11:38 AM | Report abuse

Check out his rise to glory below:

Obama 1996 - 2000
Senator Obama: promoted to Senior Lecturer in constitutional law at the University of Chicago Law School. Elected to the Illinois Senate. Sponsored more than 800 bills. In 2000, lost a Democratic primary run for the U.S. House of Representatives to four-term incumbent Bobby Rush by a margin of two to one.

What mattered was that, beginning on Jan. 2, 1996, his campaigners began challenging thousands of petition signatures the other candidates in the race had submitted in order to appear on the ballot. Thus Mr. Obama would win his state Senate seat, months before a single vote was cast. Note that when he finished he was the ONLY democrat on the ballot. Republican candidate had to step aside for political reasons.

The 800 bills he ALLEDGEDLY sponsored were actually submitted by other democrats and all OBAMA did was date and stamp. He voted present 130 times on bills that would require him to step out of the box. Gained a reputation that the ‘then’ governor would make him a United States Senator.

2001 - 2004
Obama: reelected in 2002 and became chairman of the Illinois Senate's Health and Human Services Committee.
Initially the committee was looking at Health Care for all residents of Illinois. After accepting funding from insurance lobbyists he insured that universal healthcare became merely a policy goal instead of state policy, Basically learned how to again use his power to benefit himself at the expense of doing what was right for the residents of Illinois.

Publicly spoke out against the invasion of Iraq BEFORE the congressional authorization in 2002, and then again before the actual invasion in 2003. This was a given speech that sounded great but was actually a speech that was critical of the war BECAUSE it was distracting from the real issue regarding the black community in the United States. (Note he was given ORDERS by one of his Wealthy Supporters in Chicago to SPEAK OUT AGAINST THE WAR. Being a good Chicago Politiocian, he naturally followed the orders and took credit for speaking out.. but not on his own.)

Wrote and delivered the keynote address at the 2004 Democratic National Convention.
The Black Elite in the DNC decided along with the good ole boys… that to put a Democrat President in the White House in 2008 that they needed to attract the black vote… and that a Black Harvard Lawyer named Obama was the one that they needed. He was seen as an upcoming star because he won the Illinois US Senate Seat. (See the real facts of how he won by such a large number.) No one knew the Republican Candidate)

November 2004: elected to the US Senate, receiving over 3.5 million votes, more than 70% of total.

Now this is an interesting election even by Chicago standards. Seems that the front runner (Hull) mysteriously become involved in a domestic abuse trial and withdrew his name from the race. (Sounds like the Chicago Political Machine may have dropped a dime on Blair.) So Obama had a cake walk to get the democratic nomination for the U.S. Senate Seat. (Reminds me of how he won his State Senate seat by having his legal team disqualify his opponent’s signature petitions. At the same time Jack Ryan won the Republican Nomination, but announced his withdrawal from the race — four days after the Chicago Tribune succeeded in persuading a California court to release previously-sealed child custody records containing embarrassing allegations by Ryan's ex-wife. Now how is that for being one LUCKY politician. Obama walked into the US Senate Seat, when the Republicans brought in the little known Keyes to run as a Republican. Now it looks like the Chicago Political Machine along with Ayers, Jackson, Rezko Wright and the rich and wealthy Black community in Chicago loaded the deck in Obama’s favor.

Also note that for a 'white middle-class individual to be considered for entrance into Harvard' they would have to be number one in their High School class. Be the top student at Occidental just to get into COLUMBIA, and the odds of them getting into HARVARD LAW school ARE SO GREAT.. they probably would win the lottery first.

Yet Obama has us believe (on FAITH) that he performed so brilliantly that he (had a 'B' average in High School) performed so brilliantly at Occidental, that he got into Columbia, and that he EARNED a slot into Harvard Law School. Then he and HARVARD expect us to believe that he PERFORMED SO BRILLIANTLY ACADEMICALLY that he EARNED his right to be EDITOR of THE HARVARD LAW REVIEW. (Now I challenge the Obama Campaign and any supporter to valid that he was the BEST CANDIDATE excluding the fact that he was BLACK instead of BI-RACIAL.)

Amazing that there are no thesis papers, no legal briefs, no academic records, no scholarships received, no national test scores, no IQ scores, no legal briefs from his teaching in Chicago, or ANY LEGAL writings that was required of Editors of the Review... UNTIL Obama was selected.
I suspect that he received 'special' grants, scholarships, academic treatment not because he was brilliant... but because of the fact that these institutions... needed to promote black scholars at the expense of better qualified female, and white male candidates. ( I would hope that somewhere, someplace there would be documentation that would prove me wrong. )

And the amazing thing is... the MSM does not question any of this.

Shame on the MSM and shame on the Obama Supporters that BELIEVE in his Lies.

Remember he is spending over 600 million of YOUR dollars to BUY each and every American Vote that he recieves. Amazing to think that you are being BOUGHT and selling out OUR Country to the RICH AND POWERFUL.

Posted by: Bob Miller | September 23, 2008 11:59 PM | Report abuse

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