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Barack Obama Puts Harry Reid In The Spotlight

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LAS VEGAS — Of all the races in the country this year, none is as important to President Barack Obama as Senate Majority Leader Harry Reid’s reelection campaign.

The race carries unrivaled symbolism for Obama, who would emerge even more politically wounded than anticipated if Republicans defeat his top Democrat in the Senate.

The stakes were in full display Friday night at an outdoor rally in Las Vegas, when Obama — whose name has been chanted over the past three days by crowds at events from Seattle to Los Angeles — made a rare move and led the crowd in a chant of “Har-ry!”“I appreciate everybody saying Obama,” the president said as thousands of supporters screamed “O-bam-a!”

“But I want everybody to say Harry,” Obama yelled, leading them on moments after he stood on the stage with Reid, a former boxer, holding his hand in the air as though he had won a fight.

Reid is locked in a tight race against Republican Sharron Angle, a tea party favorite who has continued to be a force despite several high-profile campaign missteps. Obama made his fourth trip to Nevada Friday for a week-before-the-election rally and fundraiser to help Reid squeak out a victory despite low popularity in his home state and an adverse political climate.

The president vouched for Reid, whose opponent is running ads suggesting he got rich off of his position in the Senate, as an advocate for the middle class.

“Harry has never forgotten what it’s like to grow up in Searchlight, Nev. He knows what it’s like to be poor. He knows what it’s like to work hard. He knows what it’s like to hit some bumps in the road,” Obama said. “Neither Harry and I were born with a silver spoon in our mouths. Our families were working folk.”

For Obama, Reid’s campaign has all the elements that have made this election cycle a tumultuous one for Democrats.

His challenger has tea party backing, and few places in the nation have been as hard hit by the economic crisis than Nevada, where the unemployment rate is more than14 percent and the rate of foreclosures is the highest in the nation.

Reid’s race raises the stakes for Obama because of unique circumstances where all it could take for him to win would be large Democratic turnout — the president’s main 2010 role — and because it’s been cast as referendum on the White House’s big-ticket victories, all of which Reid helped muscle through: health care reform, financial regulatory reform, the economic stimulus package.

Reid is counting on minor-party candidates, including a Tea Party ballot line, and Nevada’s unique “none of the above” voting option to siphon votes from Angle, who also has low popularity in Nevada. Political strategists, including those working on Reid’s campaign, believe the dynamic would allow Reid to win with substantially less than 50 percent of the vote. Democrats have a registration edge of 60,000 more voters than Republicans, a 5-point advantage that’s decreased from more than 100,000 two years ago.

To get there, Reid is counting on Democratic turnout, powered by his statewide campaign organization, which he largely built in 2008 and thought would pay off for him in 2010. Indeed, the Obama organizational juggernaut was kept in place as Reid’s reelection geared up.

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Foreclosures in chaos! Reid Calls On Nation’s Leaders To Stop All Foreclosures

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Senate Majority Leader Harry Reid (D-Nev.) called on major lenders to halt foreclosures across the country Friday following Bank of America’s announcement it was stopping proceedings until it finishes reviewing possible paperwork problems.

Reid, who had sent a letter to major banks asking them to suspend foreclosures in Nevada, extended his concern to include all 50 states.

“I thank Bank of America for doing the right thing by suspending actions on foreclosures while this investigation runs its course,” said Reid. “I urge other major mortgage servicers to consider expanding the area where they have halted foreclosures to all 50 states as well.”

He emphasized, “My primary focus is to protect Nevada homeowners who have been hardest hit by foreclosures in the most recent economic downturn.”

Reid is the latest Democratic leader to join a growing chorus of lawmakers and state attorneys general who have called for greater scrutiny of the foreclosure process and a nationwide moratorium. Homeowner advocates say that lenders have used dubious paperwork to expedite the eviction of homeowners behind on their payments.

Pressure on the banks continues to grow on Capitol Hill, where Senate Banking chairman Chris Dodd (D-Ct.) said Friday the committee will hold hearings investigating the foreclosure paperwork morass on Nov 16.

Bank of America said Friday it is halting all foreclosure sales and foreclosure proceedings nationwide while it reviews the documents being used to justify homeowner evictions.

It is the first bank to put a moratorium on foreclosures in all 50 states. Previously, Bank of America, JPMorgan Chase and others were only pausing foreclosures in states where a court has to participate in foreclosure proceedings.

“Bank of America has extended our review of foreclosure documents to all fifty states,” the bank said in a statement. “We will stop foreclosure sales until our assessment has been satisfactorily completed. Our ongoing assessment shows the basis for foreclosure decisions are accurate. We continue to serve the interests of our customers, investors and communities. Providing solutions for distressed homeowners remains our primary focus.”

MORE FROM THE WASHINGTON POST ABOUT THE TURMOIL IN THE FORECLOSURE SYSTEM:

Full Coverage: Foreclosure system in chaos