Archive for September 25th, 2008
Democratic, GOP Strategists On News Talk Online
Sheinkopf
Two political strategists, one Democrat, the other Republican, will be my guests Friday September 26 on News Talk Online on Paltalk.com to talk about the presidential race and John McCain’s decision to suspend campaigning due to the economic crisis facing the nation.
Hank Sheinkopf has been a political, public affairs and governmental relations consultant for nearly 30 years. He has worked on political campaigns and issue campaigns in four continents, 10 foreign nations, in addition to more than 600 domestic political and issue campaigns in 46 American states.
Sheinkopf was a member of President Clinton’s re-election media team producing ads for the only Democratic president re-elected since FDR.
Economists Oppose Bush Bailout Plan
Last night, Pres. Bush made an impassioned plea in an address to the American people for swift action on his Wall Street bailout plan. Which he says needs, and is getting, bipartisan support.
The president used dire language to underscore the need for quick action. Asserting that the “entire economy is in danger.”
He needs to sell the $700 billion plan to the American people, because so many citizens are phoning and writing their representatives saying they are opposed to it. And many, on both sides of the congressional aisle, are expressing reservations.
A poll suggests that about one-third of Americans support the plan. One-third oppose it. And the final third are confused about it and undecided.
Among those not confused are 166 economists from colleges and universities across the United States who are in the second third, and are staunchly opposed.
They’ve signed a letter addressed to the House and Senate, explaining why it’s not good for the nation.
While they agree with Treasury Secretary Henry Paulson’s assessment that the current financial situation is “difficult” and there is need for “bold action” to ensure that the economy will continue to function, they see three “fatal pitfalls” in his plan.
First, they say in their letter, it is unfair.
“The plan is a subsidy to investors at taxpayers’ expense,” they write. “Investors who took risks to earn profits must also bear the losses.”
