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McCain vs. Obama: Obama up nine

The new Washington Post/ABC poll: "Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain… More voters trust Obama to deal with the economy, and he currently has a big edge as the candidate who is more in tune with the economic problems Americans now face. He also has a double-digit advantage on handling the current problems on Wall Street, and as a result, there has been a rise in his overall support."

"The poll found that, among likely voters, Obama now leads McCain by 52 percent to 43 percent. Two weeks ago, in the days immediately following the Republican National Convention, the race was essentially even, with McCain at 49 percent and Obama at 47 percent."

The Los Angeles Times/Bloomberg poll: "Asked which candidate could do a better job of handling the financial crisis as president next year, 48% of registered voters named Obama and 35% named McCain."

More: "Most Americans don't believe the government has responsibility for bailing out financial firms with taxpayer money, a core part of the rescue plan Congress is considering to halt the near-meltdown of the nation's financial markets."

The New York Times writes about McCain's and Obama's conditions on the bailout plan. "Between them, the two men demanded that nine overlapping conditions for the bailout be met, most of them proposals they have already made. Mr. Obama went further Tuesday in outlining his conditions, calling for a payback for taxpayers if the bailout succeeds; a bipartisan board to oversee the bailout; limits on any federal money going to compensate Wall Street executives; and aid to homeowners who are struggling to pay their mortgages."

"Mr. McCain, who had five conditions, also called for assuring that taxpayers recover some of the money put into the bailout; a bipartisan board to oversee the bailout; a requirement that the senior leaders of any rescued firm not make more than the highest-paid government official; transparency in the implementation of the legislation, with all details available online to the public; and a stipulation that no spending for pet legislative projects, or earmarks, be included in the bill."

McCain and Obama acknowledge their plans, because of the economic crisis and proposed bailout, might be delayed.

The Boston Globe describes both Republican and Democratic legislators as "angry, testy, and skeptical." "Treasury Secretary Henry M. Paulson and Federal Reserve Board chairman Ben S. Bernanke, architects of the plan, urged Congress to immediately approve the $700 billion proposal to give Paulson sweeping powers to buy up bad mortgage-related debt from distressed Wall Street firms. Paulson, rejecting critics who say the plan bails out reckless corporations with taxpayer money but won't help homeowners facing foreclosure, argued his plan will shore up an economy on the brink of collapse, staving off a much larger financial catastrophe for the public." 
 
Per MSNBC.com's Tom Curry, anger among some congressional Democrats and skepticism among Republicans make it possible that the financial bailout bill will not be passed, at least in its current form.

Did Bill Richardson, while campaigning for Obama in NH, come out against the bailout? Sort of. "Richardson said that Democrats should not 'roll over' to the administration's proposals. 'More than anything my hope is that Democrats, and I'm now not speaking for Senator Obama because I'm speaking an American, has a former congressman, has a governor,' Richardson said at Southern New Hampshire University. 'My hope is that the Democrats don't roll over on this. If you want to bail out banks, if you want to bail out these big financial institutions and insurance companies, what about bailing out homeowners, those people that have lost their homes, what about making sure that this never happens again.'"