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POPSLarry Summers for Treasury Secretary Of course he's not the only one being mentioned to replace Hank Paulson if Obama wins on Tuesday. Other notables: FDIC Chairwoman Sheila Bair and former Treasury Secretary Robert Rubin. Here's a comprehensive list from Politico on what an Obama administration might look like.
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POPSCandidates are Late to the Party As the administration unveils the newest aspect of the bailout plan, McCain (and Obama yesterday) announce new twists on their own economic plans. The attention they're giving to the economy is welcome--though a bit late, just before their final presidential debate and three weeks before the election. Their presence in Washington in the middle of the congressional bailout debate did as much to disrupt the discussions as anything else.
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POPSMcCain, Lobbying and Georgia An interesting take on a McCain staffer's relationship with the Georgian government. The money quote (way down in the story) is from Sloan.
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POPSCrude Political Ads Who likes crude? It appears that both presidential candidates have received quite a bit of funding from the oil industry, though McCain far more than Obama, according to the Center for Responsive Politics
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POPSObama: Getting Closer to an Energy Policy Obama suggests tapping the Strategic Petroleum Reserve. So far, he hasn't outlined a comprehensive energy policy. Expect him to pay closer attention to this issue as a response to McCain's ad campaigns
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POPSGoing Ba(ra)ck On His Word? Obama opts to pursue private financing, resulting in a blitz of protest from McCain's camp. This was expected as Obama raised an unprecedented level of cash during the primaries. It also invites more scrutiny of his donors.
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POPSEasing the Ethanol Mandate Smart move on McCain's part. He gets to look like he's doing something to resolve the food crisis. Will EPA waive the increased ethanol production? Not a chance.
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POPSMcCain, Hillary, Obama, Economy Start paying attention now to what the three presidential contenders are saying about the economy. Regardless of who gets the Democratic nomination, that's going to be the overriding issue in November.
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