 |  | June 25, 2008
Vol. 43, No. 13b
Washington, DC | | | To: Our Readers Outlook - The state of morale in the Republican Party is such that the expected bump by Sen. Barack Obama in the polls after he clinched the Democratic presidential nomination has collapsed all GOP optimism. Talking to Republicans outside Sen. John McCain's organization, the presidential campaign looks like "mission impossible." The mood is: How can we possibly win the presidency for a third straight election considering the state of the party?
- This is unrealistically pessimistic, considering the true state of the election, which we still consider close. But it contributes to the negative feeling about McCain from elements of the conservative base. This lack of enthusiasm about McCain leads to an extreme level of criticism about how the campaign is being waged—reminiscent of a year ago when his campaign for the nomination appeared dead. What was McCain doing last week in the non—competitive state of California? What was McCain aide Charlie Black thinking when he publicly uttered the truth about the political benefits for McCain of a terrorist attack?
- McCain is still gradually solidifying his conservative position, notably in the energy field with a call for offshore oil drilling and support for coal—burning power plants. The latter position could be a big plus for McCain in vital states of Ohio and West Virginia and is the basis for hope in competing for Pennsylvania.
 A Stock Tip from... Ann Coulter? Do you know which special interest has given more money to the Obama and Clinton campaigns than any other? If you guessed "trial lawyers" -- well, okay, that's too easy. But can you guess which special interest came in second? Labor unions? Nope. The Green Lobby? Nope. AARP? Wrong, again. NEA? Nyet. Give up? Okay, here's the answer... Read the rest of Ann's letter here |
- Obama still looks mistake—free, but he also looks very much like just another politician—breaking his word in order to opt out of public financing, signaling to Sen. Hillary Clinton (D—N.Y.) that she is not going to get on the ticket by naming her past campaign manager and present arch—critic Patty Solis Doyle as chief of staff for the yet unnamed vice presidential nominee.
- The hottest Democratic vice presidential candidate is Sen. Joseph Biden (D—Del.), and he looked good Sunday on NBC's "Meet the Press." But insiders who consider Biden to be too much the old politics doubt it will happen.
- In the Democratic—controlled House, two important bills—Iraq war spending and FISA surveillance—passed with minority Democratic support. House Speaker Nancy Pelosi (D—Calif.) voted against the former and for the latter. She spoke for the FISA bill but did not urge Democrats to vote for it—conduct by a Speaker without apparent precedent for the past 80 years. Democrats are not following the Republican model of the past dozen years of not letting a bill pass without majority support from the majority party.
- When Senate Banking Committee Chairman Christopher Dodd (D—Conn.) did not include three long—pending nominees to be Federal Reserve governors among presidential appointees to be considered for confirmation this week, he was signaling a Democratic hold on long—term appointees who would serve into the next presidential term. Dodd argues the four—man Fed board did not have any trouble dealing with the Bear Stearns crisis, but that does not take into consideration the limitations on policymaking of the undermanned Fed.
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