McCain Embraces Regulation After Many Years of Opposition  —  A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace …

Prominent Clinton backer and DNC member to endorse McCain  —  WASHINGTON (CNN) — Lynn Forester de Rothschild, a prominent Hillary Clinton supporter and member of the Democratic National Committee's Platform Committee, will endorse John McCain for president on Wednesday, her spokesman tells CNN.

Clinton blindsided by scheduled event with Palin  —  WASHINGTON (AP) — Sen. Hillary Rodham Clinton has canceled an appearance at a New York rally next week after organizers blindsided her by inviting Republican vice presidential candidate and Alaska Gov. Sarah Palin, aides to the senator said Tuesday.

Listen Now  —  · The Federal Reserve said Tuesday it would lend AIG $85 billion to help stave off a worldwide financial crisis.  In return, the government received a major stake in the giant insurance company.  Two leaders of Senate financial committees say the Fed had no choice.

Romney contradicts Fiorina  —  (CNN) - Mitt Romney and Carly Fiorina, two high-profile supporters of Sen. John McCain, may just have to agree to disagree.  —  On Tuesday, Fiorina, the former CEO of Hewlett-Packard, said that neither McCain nor his running mate Alaska Gov. Sarah Palin is capable …

OBAMA OBJECTS  —  BUT THE EVIDENCE SAYS I'M RIGHT  —  IN Monday's Post, I discussed how Barack Obama, during his July trip, had asked Iraqi leaders not to finalize an agreement vital to the future of US forces in Iraq - and how the effect of such a delay would be to postpone the departure …

OBAMA GAMBLES ON LENGTHY ECONOMIC AD.... Audiences have grown accustomed to certain kinds of political advertising.  The new spot from the Obama campaign is a little something different.  —  The spot is two minutes long, making it four times as long as the typical campaign ad.

Can Obama really pull it off?  —  Can Barack Obama actually blow this thing?  Can he actually lose in November?  —  We have a deeply troubled economy, an unpopular war, a very unpopular president and a historic reluctance on the part of the American people to elect the same party to the White House three terms in a row.

Drudge-ology 101: McCain, Obama and Media Bias  —  Yesterday was a typical recent day on the Drudge Report — the single most influential source for how the presidential campaign is covered in the country.  —  In the banner headline spot for most of the day was a picture …

McCain campaign clamps down on questions in Alaska  —  JUNEAU, Alaska - GOP vice presidential candidate Sarah Palin is effectively turning over questions about her record as Alaska's governor to John McCain's political campaign, part of an ambitious Republican strategy to limit …

Does Obama Support the AIG Bailout?  —  Sen. Barack Obama, D-Ill., this morning released a statement about the US government's rescue of AIG.  —  “The fact that we have reached a point where the Federal Reserve felt it had to take this unprecedented step with the American Insurance Group …

Two Minute Ad  —  This seems like a big gamble:  —  Will people watch for two minutes?  How much will it cost?  Where will it play?  How long will it play.  —  One thing is for sure, because it deals with substance and not lipstick or other bulls**t, it will not get played for free repeatedly on the cable channels.

True Whoppers  —  Economists are not generally known for their lyrical phrasing.  But the other day, one told me something about the election that has stuck with me: He cautioned against succumbing to the “symmetry of sin.”  —  This unexpected snippet of political poetry …

Resurrect the Resolution Trust Corp.  —  We are in the midst of the worst financial turmoil since the Great Depression.  Absent bold action, matters could well get worse.  —  Neither the markets nor the ordinary diet of regulatory orders, bank examinations, rating downgrades and investigations can do the job.

CNN Demolishes Every McCain Campaign Lie  —  This is by far the most thorough debunking I've seen to date on the myriad of lies coming from Team McCain. … HT Jed, who adds:

Case closed: The Rosenbergs were Soviet spies  —  A startling confession again proves their guilt.  Now it's time for their left-wing defenders to acknowledge it.  —  Julius and ethel Rosenberg were executed 55 years ago, on June 19, 1953.  But last week, they were back in the headlines …