The Morning Read: Friday, October 10, 2008

George W. Bush will address the nation this morning after the Dow plummeted yesterday and global markets today are already in bad shape.

The Obama campaign bought half an hour of airtime on CBS and NBC for October 29–just before the election and the anniversary of the 1929 stock market crash.

A McCain campaign co-chair brought up Obama’s drug use.

Michael Bloomberg could spend $80 million on his re-election campaign, but one aide told The New York Times, “There is no cap, there is no price tag.”

Here’s more on concerns freshman City Council members have about changing the term-limits law.

The deal Bloomberg struck with Ron Lauder is coming under scrutiny.

“These are rich men toying with the purchase of the public will,” writes Newsday’s editorial board.

"Tyranny" is how the Queens Tribune editorial board describes it.

Mike Schenkler, a fan of the mayor, writes, "Last week, Mike Bloomberg became a politician and I fear it all has changed."

Few doubt that City Council Speaker Christine Quinn is on board.

The New York Times editorial board thinks David Paterson has a better approach than Bloomberg taxing cigarettes sold on Indian reservations.

Michael Bloomberg is trading at a lower price on the fantasy stock market.

The Queens Chronicle editorial board wonders if Bloomberg will get a job in D.C. during his third term, and calls Ron Lauder’s position on term limits “strange.”

The Queens Chronicle also has a front-page graphic saying nearly every City Council member from that borough is undecided about changing term limits.

Draft Eric Adams, says Rock Hackshaw.

Andrew Hawkins looks at the legal challenges facing Bloomberg and concludes none are airtight.

Here’s a cartoon showing Bloomberg as Superman.

Bloomberg gets a brief mention as a candidate to head the U.S. Treasury Department.

A frustrated Yoda suggests that it would save time and money to have Howard Rubenstein write the Charter Revision Commission report.

The New York League of Conservation Voters are endorsing both the Democratic and Republican State Senate candidates in Westchester.

Get ready for some news videos coming out of Rochester.

The Albany Project likes the sound of the gas-tax holiday coming from Democratic challenger David Nachbar.

A Republican Assembly candidate criticizes a Democrat for voting to eliminate the commuter tax. [last item]

This blogger thinks Bloomberg would be leading the presidential race if he were running.

Gary Tilzer wants U.S. Attorney Michael Garcia to investigate lots of people.

Rupert Murdoch wants to host a panel discussion about New York and stock markets.

Sheldon Silver works on a more direct way to get to Albany.

Republican congressional candidate Bob Straniere responds to Guy Molinari’s endorsement of the Conservative Party candidate.

Republican Representative Randy Kuhl objects to the health care ad running in his district.

It’s good to be an outsider in some races.

This blogger isn’t upset with Bloomberg running because “it’s easy to pull the lever for the other guy.”

In the comments section, Kitchen Cynic thinks Bloomberg and others will wind up working in D.C.

And the supermarket tabloid Weekly World News "reports" Bloomberg held a secret ceremony to change Wall Street’s name to Main Street.