Eight years into his failed presidency Bushy got a swift boot in the teeth Monday–not from Dems–but from GOP House members that want to avoid campaign cooties.
We’re all in uncharted waters here, and no doubt who could blame John McCain if he’d want to throw some of his campaign advisers overboard, even if it was his thick head that conjured brilliant images of suspending his campaign, soldiering to Washington to broker an economic deal and save the day.
His Republican pals said, hey John, here’s a shit sandwich for you. Another campaign stunt by McCain produced another humiliating kick in the crotch. And who knows what his running mate Missy Moonbeam will say in her debate Thursday night against Joe Biden.
Speaking of Biden, have you noticed that Joe and Congressman Chris Shays look more alike every day? Maybe the congressman from Bridgeport can secure a few extra votes in the state’s largest city morphing an image of Uncle Joe. Shays supported the failed package against overwhelming constituent calls urging his vote the other way. I guess you can argue it is better to vote for a $700 billion bailout than watch a single-day trillion loss with possibly more to come.
Meanwhile, campaign handlers of Shays’ Democratic opponent Jim Himes must be loving this (though not the financial hemorrhaging of their retirement accounts) strategically. The financial fallout plays right into their argument that Shays is disconnected from economic reality. Monday afternoon a Himes mail piece reminded me that just a few weeks ago Shays proclaimed the fundamentals of the economy are strong, although in fairness to Shays he clearly sounded the warning bell during the past several years about the potential failure of mortgage giants. As an OIB poster suggested on Monday that depends on your interpretation of strong fundamentals. One thing is for sure, consumers do not think the fundamentals are strong.
So, what does this mean for the congressional race? The chaos helps Himes.
If Shays can be defeated this is the scenario for it – a massive Bridgeport turnout to overwhelm Shays popularity in suburban districts. City registration is just about at 65,000. Suburban turnout during presidential years historically is 85 percent. City turnout for a presidential year is traditionally 20 points below that. But city registration (thank you, Barack) is now much higher. Himes is looking for a 20,000-vote plurality in Bridgeport. The key here is making sure voters inspired by Barack just don’t fill in his oval and bail out. Historically in Bridgeport the drop-off from presidential voting to the next in line (in this case candidates for congress) is several thousand votes. The battle cry in front of polling places election day will be don’t forget about us!
Call Me Tonight
If you want to throw vegetables at your picture tube tonight at 8, I’ll be a guest on Rob Foley’s Bridgeport Now program, Cablevision public access channel 77. We’ll talk about the state of things Bridgeport, including the city budget, cop layoffs and the Shays and Himes race. The call-in number is 345-0103.
News release from Shays
Shays Introduces Legislation to Increase FDIC Insurance
Washington, D.C. – On Monday, Congressman Christopher Shays (CT-4), a senior member of the Financial Services Committee, introduced H.R. 7235, a bipartisan bill to raise the amount of deposits insured under the Federal Deposit Insurance Act from $100,000 to $300,000. This legislation raises the amount of deposits insured by the Federal Deposit Insurance Corporation (FDIC) from $100,000 to $300,000.
This legislation mirrors an amendment he offered Sunday night to H.R. 3997, the Emergency Economic Stabilization Act of 2008, but unfortunately no amendments were allowed to be offered by the rule reported out of Committee yesterday.
“Deposits are the cornerstone of our banking system,” said Shays. “The more we can do to reassure people that their money is secure, the better off we are.”
“This is a common-sense piece of legislation, and it seems to me if it was included in H.R. 3997, the bill may have passed,” Shays continued.
On Tuesday, Senator Barack Obama proposed lifting the current limit on federal deposit insurance from its current limit of $100,000 to $250,000. In a statement, Obama said it’s a “step that would boost small businesses, make our banking system more secure, and help restore public confidence in our financial system.” (ABC News, 9/30/08)