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2008 Elections

Monday, Nov 3, 2008 7:12 PM UTC2008-11-03T19:12:00Zl, M j, Y g:i A T

The credit card grinch who stole Christmas

The new president will face an unfamiliar problem: Lenders are discouraging Americans from pulling out their plastic.

As investment guru John Mauldin writes in his most recent newsletter, whoever gets elected president on Tuesday will face a huge economic mess. Mauldin, a former member of the executive committee of the Texas Republican Party, believes Barack Obama will win. But he doesn’t envy him the job.

Here is what faces President Obama. The economy is in a recession that is getting worse by the day. This is the first consumer-led recession in 27 years. Unemployment is rising and the time between jobs is probably over ten months by the time he takes office. The U.S. deficit is likely to be soaring above $500 billion. Consumers are retrenching, hit by the double whammy of falling home prices and seriously lower stock values and retirement savings.

You will not have the luck of George Bush to have consumers borrow $500 billion a year from their homes and resort to a negative savings rate. Banks will be cutting back on consumer lending, and consumers will be cutting back on spending and increasing their savings.

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Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.  More Andrew Leonard

Monday, Dec 19, 2011 10:10 PM UTC2011-12-19T22:10:00Zl, M j, Y g:i A T

Baseless Condi Rice speculation making a comeback

Updated: To celebrate its return, a brief history of this variety of pundit fantasy writing

Condoleezza Rice

Condoleezza Rice  (Credit: Reuters)

[UPDATED BELOW] Joseph Curl, former White House correspondent for the Washington Times, is bringing me back to the good old days of 2006 in his latest opinion column for the conservative paper. It’s a breathless report that Condoleezza Rice will seek the vice presidency, and it’s a classic of the genre.

Any amateur can speculate that Chris Christie will enter the presidential race, or posit a Mike Bloomberg third-party run, or imagine Hillary Clinton launching a primary challenge against Barack Obama. After all, those three have actually won elections and expressed political ambitions. It takes a real pro to decide to build buzz around someone who not only hasn’t ever run for anything, but who’s never expressed a desire to run for anything.

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

Monday, Oct 3, 2011 7:25 PM UTC2011-10-03T19:25:00Zl, M j, Y g:i A T

Breitbart shock: Obama was in same place at same time as New Black Panthers

Right-wingers once again try to connect the president to a fringe group of laughable conservative boogeymen

Members of the New Black Panther Party, including, Divine Allah, left, arrive for funeral services for 13-year-old shooting victim, Tamrah Leonard, at the Friendship Baptist Church in Trenton, N.J., Saturday, June 13, 2009.

Members of the New Black Panther Party, including, Divine Allah, left, arrive for funeral services for 13-year-old shooting victim, Tamrah Leonard, at the Friendship Baptist Church in Trenton, N.J., Saturday, June 13, 2009.  (Credit: AP/Mike Derer)

Andrew Breitbart’s loud, dumb BigGovernment site has a loud, dumb story about how Barack Obama “appeared and marched with the New Black Panther Party in 2007.” The occasion was the 42nd anniversary of the march from Selma, Alabama, and in addition to Barack Obama, Hillary Clinton and Al Sharpton were also there, along with dozens of civil rights era luminaries and thousands of other people because it was a massive annual celebration and not actually an Obama campaign event.

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

Thursday, Sep 15, 2011 7:55 PM UTC2011-09-15T19:55:00Zl, M j, Y g:i A T

Palins give free publicity to book bashing Palins

Joe McGinniss' "The Rogue" gets a big marketing boost from its subject's classic (and predictable) overreaction

Sarah Palin

Sarah Palin

Here, according to the National Enquirer, are the shocking revelations in Joe McGinniss’ new book about Sarah Palin, “The Rogue”:

  • She has done drugs.
  • She had sex with a basketball player before she married Todd.
  • She is mean and petty.
  • She is a bad mother.
  • She had an affair after she married Todd.

There is also, obviously, some stuff about Trig’s birth, but I have not yet read the book, so I couldn’t tell you how far down the rabbit hole that goes.

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

Thursday, Aug 25, 2011 8:15 PM UTC2011-08-25T20:15:00Zl, M j, Y g:i A T

Will “Joe the Plumber” run for Congress?

And if so, how many minutes will it take for him to say something embarrassing to a reporter? Ten?

Will

“Joe the Plumber,” a man named Sam who is not a plumber, may run for Congress. Joe, a briefly famous desperate attempt by the John McCain campaign to paint Barack Obama as an enemy of the working man, is mulling a run against Rep. Marcy Kaptur, D-Ohio, who’s been in the House since 1983. Joe told Yahoo’s “The Ticket” his thoughts on the potential campaign:

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

Friday, Aug 19, 2011 9:15 PM UTC2011-08-19T21:15:00Zl, M j, Y g:i A T

Sheriff Joe: Birther?

Arizona's "toughest" lawman tells some kooks that he'll investigate the president's birth certificate

Joe Arpaio

Joe Arpaio

Sheriff Joe Arpaio might be a birther, now. A quasi-birther, at least. WorldNetDaily “broke” the “news” that Arizona’s most civil rights-disregarding lawman “has agreed to examine evidence challenging the validity of Barack Obama’s purported long-form birth certificate in a determination of the president’s eligibility for the 2012 election ballot.” Which certainly sounds like a very good use of the resources of the Maricopa County Sheriff’s Office, right? There is even a picture of Arpaio with Jerome Corsi, author of “Where’s the Birth Certificate,” a book whose title question was answered twice before publication:

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

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