McCain Struggles While Obama Pulls Ahead - Black Enterprise

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Black Enterprise Magazine January-March 2019 Issue

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In Toledo Ohio, Sen. Barack Obama unveiled his economic rescue plan for the U.S. today. The four-part plan builds upon job creation, relief to families, relief to homeowners and a response to the financial crisis.

“Today I’m proposing a number of steps that we should take immediately to stabilize our financial system,” said Obama. “It’s a plan that begins with one word that’s on everyone’s mind, and it’s spelled J-O-B-S.”

For individuals, Obama proposes that the government allows every family to withdraw up to 15% from their IRA or 401(k) — up to a maximum of $10,000 — without any fine or penalty throughout 2009 and a three-month moratorium on foreclosures. For states and localities, Obama suggests that the Federal Reserve and the treasury create a lending facility that would address credit needs of local governments.

Meanwhile, the Republican National Committee launched its latest Web ad called Guilt by Participation, tying Obama to Bill Ayers, a 1960s radical who bombed the Capitol among other places.

Despite the efforts by the RNC and Sen. John McCain to paint Obama with the Ayers brush, says that “there’s still no evidence of a deep or strong ‘friendship’ with Ayers” and that Obama has called Ayers “detestable” and “despicable.”

Public polls report that these kind of negative ads may have done McCain more harm than good. Sunday, the Rasmussen Reports released a tracking poll, which shows Obama attracting 51% of the vote and John McCain earning 45%. “This is the seventeenth straight day that Obama’s support has stayed in the very narrow range from 50% to 52% while McCain has been at 44% of 45%,” according to the report which identifies Obama to have an edge in every state won by John Kerry four years ago. McCain is trailing in four states that George W. Bush won and Electoral College projections now show Obama leading 255-163.

McCain isn’t just behind in the polls; Obama is out fundraising him and out spending him Obama’s September’s fundraising surpassed the $66 million the senator raised in August, according to the Huffington Post. Obama had more than $77 million in the bank on Aug. 31, the close of the last reporting period, and is on a pace to raise at least $100 million more by election day, writes the Los Angeles Times.

McCain Remains Upbeat

“Let me give you the state of the race today. We have 22 days to go. We’re six points down,” said McCain at a rally today in Virginia Beach, Virginia. “The national media has written us off. Sen. Obama is measuring the drapes, and planning with Speaker [Nancy] Pelosi and Sen. [Harry] Reid to raise taxes, increase spending, take away your right to vote by secret ballot in labor elections, and concede defeat in Iraq. But they forgot to let you decide. My friends, we’ve got them just where

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Marcia Wade Talbert

Marcia is a multimedia content producer focusing on technology at Black Enterprise Magazine. In this capacity she writes and assigns stories to educate readers about social media; digital integration; gadgets, apps, and software for business and professional development; minority tech startups; and careers in STEM (Science, Technology, Engineering, and Mathematics). In 2012, she received two Salute to Excellence Awards from the National Association of Black Journalists and was recognized by Blacks in Technology (BiT) as one of the Top 10 Black achievers in the tech arena for 2011 at SXSW in Austin, Texas. She has spoken about technology on panels for New York Social Media Week, at The 2012 Rainbow/PUSH Wall Street Summit, as well as at Black Enterprise’s Entrepreneurs Conference and Women of Power Summit. In 2011, chose her as one of 28 People of Color Impacting the Social Web, and through crowdsourcing she was listed as one of BlackWeb2.0's/HP's 50 Most Notable African American Tastemakers in Social Media and Technology for 2010. Since taking on the role of Tech editor in September 2010, she has conceived and produced five cover stories on Technology and/or STEM and countless articles, videos, and slideshows online. Before joining as an interactive general assignment reporter in 2008, she freelanced with Black Enterprise beginning in 2003 while working as the technical editor at Prepared Foods magazine. There she further honed her writing skills and became an authority on food ingredients, including ingredients used in food fortification and enrichment. Meanwhile, her freelancing with Black Enterprise and helped her stay current on issues pertaining to the financial and business welfare of African Americans. As a general reporter for Black Enterprise she attended and reported on the Democratic and Republican National Conventions, where she interviewed Valerie Jarrett, senior advisor and assistant to President Barack Obama and U.S. Attorney General Eric Holder. Marcia has a Bachelor of Science degree in Agriculture with an emphasis in food science from the University of Minnesota, and a Master of Science degree in journalism from Roosevelt University in Chicago. En route to her secondary degree, she served as the editor-in-chief of the Roosevelt University Torch, a weekly, student-run newspaper. An avid photographer and videographer, Marcia is one of several employees at BLACK ENTERPRISE who interned for the publishing company as a college student. She lives in New Jersey with her husband, a food scientist; her seventeen-month-old daughter; and “The Cat”, but still considers Chicago home.