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Date: Wed, Oct 15, 2008 at 7:32 AM
Subject: Today's Papers: Reality Check
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.today's papers
Reality Check
By Daniel Politi
Posted Wednesday, Oct. 15, 2008, at 6:43 AM ET

*USA Today <http://letters.slate.com/W0RH0054DB436770789C629F1F9EF0> *leads
and the *Wall Street Journal* banners the lukewarm
reaction<http://letters.slate.com/W0RH0054DB931770789C629F1F9EF0>from
the markets to the Bush administration's plan to buy
an equity stake <http://letters.slate.com/W0RH0054DB030770789C629F1F9EF0> in
some of the country's largest banks. On the day when the program, which
President Bush described as "limited and temporary," was announced, the Dow
Jones industrial average fell slightly and credit markets thawed a bit. The
*Washington Post
<http://letters.slate.com/W0RH0054DB733770789C629F1F9EF0> *leads
with a look at the anger that was seeping out of community
banks<http://letters.slate.com/W0RH0054DB832770789C629F1F9EF0>yesterday
as executives were eager to say they don't need the help and
resent the fact that the government will rescue those who made bad
decisions. The reaction suggests the government will have to do some
arm-twisting to convince banks to participate. Although the program is
officially voluntary, Treasury officials were quick to say they won't be shy
about trying to convince certain banks to apply for government money.

The *Los Angeles Times<http://letters.slate.com/W0RH0054DB63D770789C629F1F9EF0>
*and *New York Times<http://letters.slate.com/W0RH0054DB73C770789C629F1F9EF0>
*both lead with inhouse presidential election polls that show Barack Obama's
lead among likely voters has widened to nine percentage points and 14
percentage
points <http://letters.slate.com/W0RH0054DB43F770789C629F1F9EF0>,
respectively. The *LAT *highlights that Obama's increased lead is partly due
to a shift among independent
voters<http://letters.slate.com/W0RH0054DB53E770789C629F1F9EF0>,
who used to lean heavily toward McCain but now prefer the Democratic nominee
by five points. McCain's choice of running mate has something to do with
this change as 31 percent of independents say they're less likely to vote
for the Republican ticket because of Sarah Palin.

*To continue reading, click
here<http://letters.slate.com/W0RH0054DB139770789C629F1F9EF0>
.*
*Daniel Politi writes "Today's Papers" for Slate. He can be reached at **
[EMAIL PROTECTED] <[EMAIL PROTECTED]>*.*

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