21st Century Agenda for America

Yesterday, U.S. Sen. John McCain appeared on the Sunday political show Al Punto, hosted by Jorge Ramos on the Spanish-language network, Univision. Mr. Ramos noticed the absence of any discussion on Latin America and on tough issues, such as immigration, during the debates and asked Sen. McCain about his positions.

ON IMMIGRATION - Sen. McCain avoided responding to the tough questions asked by Mr. Ramos, but when he did not, he gave this Spanish-speaking/Hispanic audience very different answers from what he tells crowds of English-speaking conservatives.

Below is an outline of Jorge Ramos's questions on immigration, Sen. McCain's answers during this interview, and prior statements.

JR: Do you agree with the immigration raids that are separating thousands of Hispanic families?
JM: "We must have enforcement....on two occasions I stood before the Senate, knowing that my Party was against me, that the members of my party were against me, and spoke for comprehensive immigration reform." "I am committed to comprehensive reform, but we have to have enforcement, too". McCain called for "humane" and "compassionate" enforcement, and a temporary worker program as well.

The truth is that ever since the McCain-Kennedy bill in 2006, Sen. McCain has never again fought his party on this issue, as he claims. McCain has been constant in his lack of support for immigration reform.

When not speaking to Hispanics: McCain on immigration at CPAC - advocating for enforcement-only; "Secure our borders first...and only after we've achieve widespread consensus that our borders are secure would we address other aspects of the problem..."

John McCain would not sign his own legislation, if it came up now:

JR: If you were president, would you suspend the immigration raids until immigration reform passed?
JM: Well, if we know that some of those immigrants come and commit crimes...
JR: But they are not - they're Hispanic families and people who are not criminals or terrorists...
JM: ....First, my priority would be comprehensive reform, where we left off...then we'll solve this, I can't say we should stop arresting those who come in illegally but we can treat them with compassion.

Why McCain wants to appear on Spanish-language television, attempting to seem for immigration reform:

JR: In key battleground states, like New Mexico, Nevada, Colorado, Florida, Hispanics aren't supporting you - why not?
JM: We're having good results and we're improving. Obama hasn't travelled to a single Latin American country. I come from a border state, I know [Hispanics]. I got 70% of the Hispanic vote in my last reelection bid....I'm very confident.

Yes, but only 21% of Hispanics voted for McCain in the AZ Presidential primary (AZ has a closed primary). McCain recognizes:

JM: The debate on immigration hurt me and I fought against my party, I fought the members of my party because I think we have to have comprehensive immigration reform. And as a President I'll achieve it, it will be one of my top priorities as president.

The truth: Sen. McCain did not fight his party at all on immigration - that's why his popularity has fallen so dramatically among Hispanics. How can Sen. McCain allege that reform would be his priority as President if he didn't even get his party to include reform in the Republican platform? Instead, the Republican platform is one that has anti-immigrant zealot, Tom Tancredo, saying he's "very pleased" with it, and that he got "basically all that" he wanted. The Republican platform on immigration does not allow for reform, its aim is "to deport criminal aliens without delay", and says: "we oppose amnesty...rejection of enmasse legalization is especially appropriate...".

And the war continues...Barack Obama seems to be really ramping up his attacks on the air against John McCain, and he continues to do it in Spanish with his latest radio ad, called Impuestos, or "Taxes," airing in New Mexico, Colorado, Nevada, Pennsylvania, Indiana, Wisconsin, Michigan, Ohio, Virginia and North Carolina, as well as Florida. And a television ad by the same name airing in New Mexico, Colorado and Nevada, as well as Florida.

**Update: The day after the release of this ad in Spanish, an English language version of the ad was released.

Translation of the ads:

Impuestos (Radio Version)

[ANNOUNCER:]
On taxes and the economy, who's on your side?

John McCain pledges hundreds of billions in corporate tax breaks for big corporations. But for 100 million households - nothing.

McCain's health plan - even worse - will tax benefits for the first time ever. Rather than helping us, John McCain's plan punishes us.

And the tax credit McCain promises will go straight to the pockets of insurance companies.

These are the facts about his plan that John McCain and the Republicans want to hide from the public.

But, with Barack Obama, taxes will be cut for 95% of the county's working families. Period. Not one penny more of taxes for any family earning less than a quarter million dollars.

Barack Obama and the Democrats know that working people and the middle class are the ones that most need relief during this crisis.

Barack Obama is on our side.

[BO:] I'm Barack Obama, candidate for President, and I approve this message.

[VO:] PAID FOR BY OBAMA FOR AMERICA AND THE DEMOCRATIC NATIONAL COMMITTEE.

Impuestos (TV Ad Version)

[ANNOUNCER:]
On taxes, who's on your side?

John McCain pledges hundreds of billions in corporate tax breaks. Billions for oil companies. But for 100 million households - nothing.

And McCain's health plan will tax benefits for the first time ever.

Barack Obama. No tax hikes on any families earning less than a quarter million dollars.

Barack Obama and the Democrats...for the change we need.

[BO:] I'm Barack Obama and I approve this message.

 

Congress tried late last week to stall the financial crisis by pledging to spend $700 billion on devalued securities held by financial institutions, and by Monday morning, it was clear that the pledge wasn’t enough to reassure investors or restart lending.

Instead, a classic panic has set in here and around much of the world as public confidence in banks, other financial institutions and the markets themselves has nosedived; at the same time, banks and other financial institutions are wary of loaning money to potential borrowers. This panicked mindset threatens the economy more today than the continuing turmoil in the housing and financial markets. 

We must now recreate baseline confidence before we can repair the continuing damage to our financial and housing markets.  

Financial and broader economic panics thrive on a combination of huge and unexpected setbacks and a serious absence of information. They unfold when people face enormous uncertainty about matters vital to them, such as the value and security of their homes,  retirement accounts and college savings. Panics thrive when people see everyone else, including those with the power and position to manage such weighty matters, struggling with the same uncertainty. 

People feel threatened and powerless to do anything, not because they have no options, but because they have to evaluate or choose among those options, and they worry that more unexpected calamities could overtake whatever course they decide upon. That’s where tens of millions of Americans – and Europeans and Asians as well – have found themselves this week. They don’t understand why the value of their homes and investments has plummeted so suddenly, and they see that those ostensibly in charge of the economy in Washington and on Wall Street have little grip on this as well. The result is that spending and investment are shutting down, dragging the entire economy into what seems very likely to be the worst downturn since the 1930s. 

The remedy to this panic is information, which only the nation’s leaders can generate and demonstrate they understand. For example, the Federal Reserve and the FDIC should have legions of examiners working around the clock to re-audit the conditions of all major financial institutions, starting with commercial banks. The Treasury and Fed could then report to the public on each institution’s financial health and their confidence in its continuing financial health. The largest group would still be judged healthy; another group could be designated as worth watching, with measures to help it move to the first group; those in trouble would be identified with a plan of action to help them recover, if possible. Without this information, most people have been panicking that almost every institution and every investment might well be in serious trouble.  

This program won’t solve the capitalization crisis across financial institutions, much less the crisis gripping housing markets, which itself has driven so much of the current upheaval. But it would staunch the panic as investors, business owners and families come to feel that they finally know where the problems lie and what the government and nation’s business leaders will do to address them.

At the same time, our leaders can finally begin to address seriously the housing and capitalization crises in an economic environment in which businesses and people will be able respond reasonably and predictably.

And the immigration battle continues. After U.S. Senator John McCain's last ad on immigration, U.S. Sen. Barack Obama responds in kind.  Chris Cillizza reports that overall, Obama is outspending McCain 3 to 1 on television.

NDN has long advocated on the importance of immigration as a motivating issue for Hispanics, regardless of whether they are native or foreign born - as demonstrated by this back and forth. With a significant percentage of Latino voters in key battleground states, the candidates are working to win over this important voting demographic by speaking on the issue of immigration. In this ad, Obama taps into the damaged Republican brand among Hispanics, linking John McCain to his party and to the GOP's hateful anti-immigrant attacks and the pressure that party exerted to halt immigration reform. The ad is called, "Otra Vez lo Mismo", or "Here We Go Again".

The translation of the script of the ad:

[Announcer:]
Here We Go Again...
McCain is still manipulating and lying on the issue of immigration.
He wants to hide the fact he's the one who turned his back on us...
[CNN video]
McCain caved to the anti-immigrant crowd
And, along with the Republicans, betrayed our community.
If John McCain is not willing to stand up to his own Republican Party, how will he defend us in the White House?

NDN has followed U.S. Sen. John McCain's track record on Immigration. The latest is John McCain's second ad on immigration in Spanish. Andres commented on the ad during an interview with NPR:

"It's disturbing to me, as a Hispanic, to have someone who feels he can blatantly deceive and think people won't pay attention," says Andres Ramirez, vice president for Hispanic programs at NDN..."

Marisa wrote about the ad, and NDN has long advocated on: 1) the importance of the Hispanic vote (this demographic could very well swing several southern and western states in this election), and 2) the issue of immigration as a motivating factor in the way many Hispanics vote regardless of whether they are native or foreign born - this is thanks to the GOP strategy of turning the debate on immigration into a debate on whether Hispanics should be in this country.

Actually, McCain's message on immigration is not mixed at all - since 2006 he's been consistently against immigration reform. The first and second ads focus on misrepresenting Obama's position on immigration, but at no time do they state McCain's position - much less go as far as saying that McCain supports immigration reform. Instead, since the GOP now recognizes that Hispanics respond negatively to these anti-Hispanic attacks, they created the same kind of degrading ad except this time they (inaccurately)attribute the comments about Mexico and immigrants to Barack Obama.

So will McCain's attempt at making Obama seem anti-Hispanic work? Andres is right - it's not working. NDN and analysts across the board believe the large numbers of Hispanic voters in Colorado, New Mexico, Nevada and Florida could be decisive in those swing states. Our latest polling in these states showed that Barack Obama is ahead of John McCain by at least 30 points among Hispanics in the Southwest, and specifically on the issue of immigration, Hispanics believe Barack Obama would do a better job than John McCain. Even in Florida, where the candidates were even among Hispanics (42%-42%), when asked about immigration, 42% of voters trusted Barack Obama to better handle the issue over 37% preferring John McCain. The largest difference was in Nevada, where 60% of Hispanics trusted Barack Obama more on the issue of immigration, while only 18% preferred John McCain.

And the latest ad makes no sense when put in context - on the one hand, the McCain campaign launches this ad to attempt to portray Obama as anti-immigrant, while on the other hand, they create another ad in English and Spanish that attacks Obama for allegedly voting against allowing people to own guns in order to defend themselves from these "criminal aliens" who are "crossing illegally into our country." So which is it?

In a year when the Hispanic electorate has nearly doubled from what it was in 2000 (from 7.5 million to approximately 14 million this year), given that Hispanics make up a large part of the electorate in key Southern and Western states, and given that Hispanics are mobilizing to get out the vote, to vote early and vote absentee in those states, it does not bode well for John McCain.

In 2000, Cuban-Americans represented 70 percent of Florida's Hispanic electorate. Today they make up less than half of the Latino electorate in that state, largely attributable to a large influx of new voters originally from Puerto Rico, Colombia, Venezuela and other Central and South American countries. The result: Florida's Hispanic demographic is increasingly reflective of the transformation the Hispanic community has undergone across the country - increasingly diverse and not as party-loyal. As a result, both political parties are working to win over what Newsweek called the "Latino mix" in a piece today by Arian Campo-Flores. NDN has analyzed the trend of Florida's Hispanic population becoming more diverse and less affiliated with the Republican party for years, and conducted a major poll in Florida in 2006.

It is Hispanics who make Florida increasingly relevant this year. By all accounts, U.S. Sen. John McCain would not have won the Florida primary - and thus would probably not have been his party's presidential nominee - had he not won the 54% of the Hispanic vote that he won in the Republican primary election, while he only won 33% of the white vote and took that election with 36% of the vote overall. Thus, U.S. Sen. Barack Obama is fighting in Florida, just today President Bill Clinton - loved by Hispanic Democrats and many overall - was campaigning for him in the state. As explained in Newsweek by our friend and collaborator, Sergio Bendixen:

"Now they need to have a domestic message"-terrain that favors Democrats these days. If he manages to capitalize on the opportunity, Democratic Sen. Barack Obama could outdo John Kerry's performance in 2004, when the Massachusetts senator captured 44 percent of Florida's Latino vote. "If [Obama] gets 55 percent, then he would pretty much ensure winning the state," says Sergio Bendixen, a pollster for the New Democratic Network (NDN) and expert in Hispanic public opinion."

And that is the relevance of the Latino Mix. As NDN explains at length in Hispanics Rising II, party ID among Hispanics can change very quickly, and this election in particular does not favor the party in the White House. Republican anti-immigrant campaigns have been perceived as anti-Hispanic, Latinos have the highest rate of unemployment as a result of this economic crisis, and the latest - now minorities are being blamed by right-wing conservatives for the housing crisis. 2008 primary exit polls showed a 66% increase in Hispanic turnout in Democratic primaries and Hispanic party ID became 72% Democrat, while in 2004 it was closer to 60%. Our latest polling data shows that the Presidential race among Hispanics in Florida is in a dead heat - 42% favoring McCain and 42% favoring Obama.

The question remains - as Florida's Hispanic electorate grows and becomes more complex, who benefits? I would say Hispanics do. The reality of a more complex demographic is that to win Florida, John McCain and Barack Obama will have to do so based on the strength of non-Cuban Hispanic support.

Last week, NDN Fellow and Green Project Director Michael Moynihan released an essay calling for an investment in new, clean infrastructure. Clean infrastructure investment, which includes electricity grid modernization, public transportation, renewable energy and efficiency, and a variety of other ideas, is crucial in both ensuring near-term economic growth and long-term prosperity, as we create a low-carbon economy.

Saturday in the New York Times, Thomas Friedman issued a similar call, arguing to "Green the Bailout."

The point is, we don’t just need a bailout. We need a buildup. We need to get back to making stuff, based on real engineering not just financial engineering. We need to get back to a world where people are able to realize the American Dream — a house with a yard — because they have built something with their hands, not because they got a "liar loan" from an underregulated bank with no money down and nothing to pay for two years. The American Dream is an aspiration, not an entitlement.
…

Indeed, when this bailout is over, we need the next president — this one is wasted — to launch an E.T., energy technology, revolution with the same urgency as this bailout. Otherwise, all we will have done is bought ourselves a respite, but not a future. The exciting thing about the energy technology revolution is that it spans the whole economy — from green-collar construction jobs to high-tech solar panel designing jobs. It could lift so many boats.

A national agenda focused on investing in new, clean infrastructure has the potential to begin to pull America out of the current economic downturn, enhance energy security, confront climate change, and ensure future prosperity through the creation of dynamic new 21st century, low-carbon economy. Stay tuned to the Green Project’s work on clean infrastructure moving forward.

We will have more to say on the bailout bill a little later today, but for now I found these essays by Larry Summers, Paul Krugman, Robert Samuelson and Steven Pearlstein helpful.

For both economic and political reasons, we start the morning disappointed more wasn't done to keep people in their homes.  

In a powerful lead editorial today, What About The Rest of Us?, the NYTimes echoes NDN's calls to make keeping people in their homes the core of the final financial rescue package:

Lawmakers were still wrangling Thursday night about the Bush administration's $700 billion bailout of the financial system. Political theater was mainly responsible for the delay, but it will be worth the wait if lawmakers take the time to make sure that the plan includes real relief for homeowners and not only for Wall Street.

The problems in the financial system have their roots in the housing bust, as do the problems of America's homeowners. Millions face foreclosure, and millions more are watching their equity being wiped out as foreclosures provoke price declines.

The problems became even more evident Thursday night with the federal seizure and sale of Washington Mutual to JPMorgan Chase.

It's unacceptable that lawmakers have yet to come out squarely in favor of bold homeowner relief in the bailout bill. Treasury Secretary Henry Paulson, the biggest advocate of bailing out Wall Street, is also a big roadblock to helping hard-pressed borrowers. He wants to keep relying on the mortgage industry to voluntarily rework troubled loans, even though that approach has failed to stem the foreclosure tide - and does a disservice to the taxpayers whose money he would put at risk in the bailout.