(Sorry for the late post today. We had some technical difficulties this morning.)
The “Troopergate” investigation into whether John McCain’s VP pick, Alaska Gov. Sarah Palin, abused her powers in pushing for her brother-in-law to be fired, and if those efforts resulted in the firing of the state’s public safety commissioner, is picking up steam. “First Dude” Todd Palin submitted a statement to the legislative investigation yesterday that indicated his efforts to get the trooper fired “started before his wife became governor and accelerated during the first 19 months of her administration,” the Anchorage Daily News’ Bill White reports.
The legislative panel’s report is expected to be released in a matter of days.
As for McCain, The New York Times reports today that a plan he floated in Tuesday’s debate – having the government buy up bad mortgages – would “would leave taxpayers to cover the losses, rather than the financial institutions that hold the original mortgages.” Of course, those are the same financial institutions that, with the help of deregulatory laws supported by McCain, played a big role in sparking the current crisis.
In an editorial today, the Times notes the “hypocrisy” of McCain for his talk about Obama’s “cronies” during the debate. After noting that McCain once called lobbyists “birds of prey,” they say the GOP nominee “is living in a virtual aviary with, among others, his campaign manager and his White House transition planner, bona fide heavyweights in the power game of lobbying and consulting.”
In the same vein, The Washington Post’s Zachary Goldfarb examines how Freddie Mac and Fannie Mae became this year’s “political hot potato,” noting how deeply entangled the mortgage giants were in Washington and the two presidential campaigns.
The LA Times’ Dan Morain and Doug Smith examine how Obama’s fundraising has, basically, been so successful that it’s rendered existing law obsolete. Campaigns don’t have to report information on donors who provide $200 or less, but Obama has raised so much money from small donors that a large chunk of his donor base is completely unknown. Basically, when the law was written, no one thought so much could be raised via small donors.
Finally, and along the same topic, the Financial Times notes that Blue State Digital, whose tools and consulting have helped fuel Obama’s record-breaking online fundraising, is taking its business international.