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October 2, 2008

TOP STORIES 10-30-2008: U.S. GDP shrinks in Q3; Phillies win World Series; AmEx to slash 7,000 jobs

October 30, 2008 10:47 AM EDT (Updated: October 30, 2008 10:54 AM EDT)

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TOP STORIES 10-30-2008: America's GDP shrinks in third quarter; Obama airs extended primetime campaign ad; Will McCain's latest bogeyman stick?; Philies win World Series; American Express cutting 7,000 jobs

A government report out today shows that America's gross domestic product (GDP) shrank by 0.3% in the third quarter of 2008. That's the biggest quarterly decline in seven years.

The Obama Campaign showed a half-hour campaign ad during primetime last night. At an estimated cost of $3-4 million, the ad appeared on FOX, CBS, NBC, MSNBC, BET, Univision, and TV One. Does anyone know how many people tuned in?

For their part, the McCain-Palin ticket seems to be banking their last minute election hopes on linking Obama to Rashid Khalidi, a Columbia University professor who McCain and Palin accuse of having worked for the Palestinian Liberation Organization (PLO). They are accusing the LA Times (which recently endorsed Obama) of suppressing a videotape that supposedly shows Obama attending a dinner for Khalidi in 2003. CNN did a "Fact check" on their connection.

The Philadelphia Phillies won their 2nd World Series ever last night, besting the Tampa Bay Rays in 5 games. The last (and only other) time they won the Series was in 1980.

American Express announced this morning that they plan to cut 7,000 jobs in order to cut costs amid the global credit crisis.

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Tags: politics, news, election, election 2008, 2008 election, presidential election, presidential race, presidential campaign, campaign, obama, barack obama, mccain, john mccain, palin, sarah palin, gdp, economy, credit crisis, gross domestic product, rashid khalidi, khalidi, columbia university, la times, los angeles times, phillies, philadelphia phillies, rays, tampa bay rays, world series, baseball, american express, amex, layoffs, lay-offs, jobs

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Comments: 7

Richard Frisbie Oct 30, 2008, 11:45am EDT

McCain has stronger ties to Rashid Khalidi than Obama ever did. If you search gather you'll find at least two articles with documented accounts of McCain as head of a Republican organization that gave over $400,000 to Khalidi's cause. Thanks for the link, Emily, to CNN's debunking Obama's connection. I'll be so glad when this campaign is over.

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Emily Moulton Oct 30, 2008, 12:20pm EDT

Does anyone else follow the CNN Political Ticker a lot? I could have sworn that those "Fact check" things used to be associated with FactCheck.org. Now I can't find any connection... I think CNN's just doing it on their own now.

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Paul G. Oct 30, 2008, 2:01pm EDT

The Philadelphia Phillies, on the side of the angels, win the series.

"Paybacks are HELL Tampa Bay!" says Devil.

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Paul G. Oct 30, 2008, 2:06pm EDT

McCain has nothing to worry about, now that he's won the endorsement of Osama bin Laden and Al Qaeda. Those guys know their stuff. They'd love having a hot-headed old fighter jock in the oval office--who could be counted on to do things like being lured into another illigitimate war, squandering the lives of four or five thousand more young American troops, and bleeding our treasury dry.

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Emily Moulton Oct 30, 2008, 4:26pm EDT

Paul,

Yeah, I thought Tampa may have ticked off the Devil by dropping his name-drop from their team name.

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Paul G. Oct 30, 2008, 5:17pm EDT

Since you asked, Em, 26.4 million viewers saw Obama's half-hour message last night. Hope they learned a few things.

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Erik Edson Oct 30, 2008, 5:37pm EDT

Paul,

I read that including the cable networks, it was around 30 million actually. I have a feeling that it didn't draw a whole lot of undecideds, though. Probably mostly people who already love him or hate him.

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