Fox/McCain Sept 21

All eyes have been on the unfolding crisis on Wall Street this week, so it was no surprise to hear both Presidential candidates focusing their messages on the economy. The Bush administration has proposed a $700 billion dollar bail out that would allow the government to buy troubled mortgage related assets. The McCain camp has been focusing their message on ending the corruption and greed in Wall Street. He wants to "change the way Washington does business," according to a speech in Arlington Virgina on September 19th. He places much of the blame for the ongoing financial crisis on the "do nothing Congress" and the corruption of Washington due to lobbyists and bureaucrats. McCain claims he called for a reform two years ago to help the corruption in Fanny Mae and Freddie Mac, but Congress and Barack Obama did nothing. McCain accused Obama of taking advice and money from the CEO for Fanny Mae, he goes on to say "there will be no place for these people at the McCain Palin policy making table." Fox News has been reporting on the attacks Obama put on McCain saying he is a "free market gambler." Obama has been focusing on his laissez faire attitude towards the economic crisis and his lack of financial experience. Fox News also talked about McCain's proposal of the creation of a Mortgage and Financial trust that would identify troubled mortgage institutions before it became a crisis. McCain went to on say that that massive government that Obama will establish if elected would be an economic recipe for disaster. Fox also reported on McCains call for reform to prevent companies from hiding bad economic practises, and for the Federal Reserve to get out of the "business of bailouts." Fox News also reported that polls showed McCain down, which reporters said was due to the focus on the economy which has not been seen as one of McCain's strong points. Fox News quotes McCain as saying “The reason they call them bounces is because they do come back down, We’re going to talk about the economy — that’s a debate we’re going to win.”
The bulk of the news coming from Fox focused on the business aspect of the crisis rather then the political. The message from the McCain camp and the political news being reported by Fox are relativly parrallel. More focus was put of corruption of Washington by the McCain camp then Fox harped upon. Even though polls were down for McCain I think his message was relayed reasonably well by Fox News.