BC-2008 Race Rundown, 1st Ld-Writethru,860
Today on the presidential campaign trail
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AP Photo WIMR107, WISS102, WX101, FLCC102, FLCC101
By The Associated Press
IN THE HEADLINES
McCain says Fed shouldn't bail out failing financial institutions ... Poll: When it comes to watching football, more would hang with Obama than McCain — by a nose ... McCain, Obama campaigns target each other's economic advisers in latest television ads
McCain says Fed should stop government bailouts
GREEN BAY, Wisc. (AP) — Republican John McCain said Friday the Federal Reserve needs to stop bailing out failed financial institutions.
The Republican presidential hopeful said the Fed should get back to "its core business of responsibly managing our money supply and inflation" and he laid out several recommendations for stabilizing markets in the financial crisis that has rocked Wall Street and commanded the dialogue in the presidential campaign.
The Fed engineered an $85 billion takeover of insurance giant AIG this week after seizing control of housing giants Freddie Mac and Fannie Mae. McCain said that to help return the U.S. to fiscal solvency, the powerful central bank should instead focus on shoring up the dollar and keeping inflation low.
"A strong dollar will reduce energy and food prices," McCain said to applause from the Green Bay Chamber of Commerce. "It will stimulate sustainable economic growth and get this economy moving again."
Poll: Obama tops McCain as football-watching buddy
WASHINGTON (AP) — People would rather watch a football game with Barack Obama than with John McCain — but by barely the length of a football.
Obama was the pick over McCain by a narrow 50 percent to 47 percent, according to an Associated Press-Yahoo News poll released Friday that generally mirrored each presidential candidate's strengths and weaknesses with voters. Women, minorities, younger and unmarried people were likelier to prefer catching a game with Obama while men, whites, older and married people would rather watch with McCain.
"I think he'd be fun to sit back with and hear his experiences, all his stories," said Kyle Ferguson, 28, a Republican from Santa Rosa, Calif., who picked McCain. But reflecting a sense some voters have of McCain based on the complaints of a few Senate colleagues, he added warily, "I bet he'd probably get pretty angry and lit up if his team was losing."
Such views matter because in many elections, candidates considered more likable have an advantage.
McCain backers were a bit more intrigued by watching with Obama than the Democrat's supporters were with making McCain their football buddy. While fewer than one in 10 Obama backers wanted to watch with McCain, nearly one in five McCain supporters wanted to kick back with Obama.
Campaigns target each other's advisers
WASHINGTON (AP) — John McCain and Barack Obama are targeting each other's economic advisers in a new pair of dueling campaign ads.
Republican McCain released a new spot Thursday that quotes The Washington Post as saying Democrat Obama gets advice on mortgage and housing policy from a former Fannie Mae chief executive, Franklin Raines.
Obama responded with an ad about McCain's "fundamentally wrong" advisers. That's a play on McCain saying earlier this week, as turmoil rocked Wall Street, that the "fundamentals of our economy are strong." The GOP candidate later backtracked from the comment under criticism from Democrats, including Obama.
Obama's campaign says Raines is not an Obama adviser and that McCain's campaign knows it because Raines said so in an e-mail earlier this week to Carly Fiorina, a top McCain adviser. Obama's campaign provided The Associated Press with a copy of the e-mail.
"Carly: Is this true?" Raines asks above a forwarded note informing him that Fiorina was on television saying he was an Obama housing adviser. "I am not an adviser to the Obama campaign. Frank."
Obama's campaign says Fiorina did not respond.
McCain spokesman Brian Rogers said he was not aware of the e-mail to Fiorina, but noted that the Post reported on three occasions, between July 16 and Aug. 28, that Raines was advising Obama.
Obama spokesman Bill Burton said he has since asked the Post for a correction.
Barack Obama holds a rally for women in Coral Gables, Fla.
Joe Biden holds a rally for women in Sterling, Va.
John McCain gave a speech in Green Bay, Wis., before he was scheduled to join Sarah Palin for a rally in Blaine, Minn.
QUOTE OF THE DAY:
"Maybe just this once he could spare us the lectures, and admit to his own poor judgment in contributing to these problems." — Republican John McCain, on Democratic rival Barack Obama's ties to Freddie Mac and Fannie Mae.
STAT OF THE DAY:
Eighty-nine percent of Republicans said actions by the U.S. government are a major reason there's been no follow-up attack since the terrorist attacks on Sept. 11, according to an Associated Press-GfK poll. Democrats were more skeptical, with 53 percent crediting federal activity.
Compiled by Ann Sanner.