By Joshua Kucera, Today’s Papers, Slate Magazine
Both the WSJ and Post find bad news for John McCain as he runs for president in a struggling economy. One of his top advisers, Phil Gramm, led the deregulation of the banking and financial services industry as a senator in the 1990s and is now a vice chairman of a bank wrapped up in the subprime mortgage crisis.
Another adviser is Carly Fiorina, the former CEO of Hewlett-Packard, who was publicly ousted by the company’s board. The Post asks if these people are good for McCain to be tied to publicly. “I, for one, have thought about it a lot,” one McCain adviser answered. “And that’s all I will say.”
The Journal, meanwhile, finds that business groups that are traditionally Republican-friendly are donating more to Hillary Clinton and Barack Obama than to McCain. One reason is that McCain has annoyed many business leaders with his vaunted “maverick” approach; another is that people don’t expect him to win. Corporations have been “moving in a direction where the electorate is likely to be,” a Democratic analyst said.