First on not endorsing Giuliani: “Why, as a New York-based paper, are we not backing Rudolph Giuliani? … Mr. Giuliani’s arrogance and bad judgment are breathtaking.”

On why the New York Times endorsed Clinton:

By choosing Mrs. Clinton, we are not denying Mr. Obama’s appeal or his gifts. The idea of the first African-American nominee of a major party also is exhilarating, and so is the prospect of the first woman nominee. “Firstness” is not a reason to choose. The times that false choice has been raised, more often by Mrs. Clinton, have tarnished the campaign.

We opposed President Bush’s decision to invade Iraq and we disagree with Mrs. Clinton’s vote for the resolution on the use of force. That’s not the issue now; it is how the war will be ended. Mrs. Clinton seems not only more aware than Mr. Obama of the consequences of withdrawal, but is already thinking through the diplomatic and military steps that will be required to contain Iraq’s chaos after American troops leave.

Her ideas, her comeback in New Hampshire and strong showing in Nevada, her new openness to explaining herself and not just her programs, and her abiding, powerful intellect show she is fully capable of doing just that. She is the best choice for the Democratic Party as it tries to regain the White House.

It is interesting to note three things. 1) The piece goes out of its way to explain (apologize, editorializing here) for not endorsing Obama. 2) The piece goes out of its way to ask Clinton to try and change her tone toward Obama. 3) The piece is still heavy in praise for Clinton.

Why the Times endorsed John McCain:

We have shuddered at Mr. McCain’s occasional, tactical pander to the right because he has demonstrated that he has the character to stand on principle. He was an early advocate for battling global warming and risked his presidential bid to uphold fundamental American values in the immigration debate. A genuine war hero among Republicans who proclaim their zeal to be commander in chief, Mr. McCain argues passionately that a country’s treatment of prisoners in the worst of times says a great deal about its character.

Mr. McCain was one of the first prominent Republicans to point out how badly the war in Iraq was being managed. We wish he could now see as clearly past the temporary victories produced by Mr. Bush’s unsustainable escalation, which have not led to any change in Iraq’s murderous political calculus. At the least, he owes Americans a real idea of how he would win this war, which he says he can do. We disagree on issues like reproductive rights and gay marriage.

In 2006, however, Mr. McCain stood up for the humane treatment of prisoners and for a ban on torture. We said then that he was being conned by Mr. Bush, who had no intention of following the rules. But Mr. McCain took a stand, just as he did in recognizing the threat of global warming early. He has been a staunch advocate of campaign finance reform, working with Senator Russ Feingold, among the most liberal of Democrats, on groundbreaking legislation, just as he worked with Senator Edward Kennedy on immigration reform.

That doesn’t make him a moderate, but it makes him the best choice for the party’s presidential nomination.

I don’t know that newspaper endorsements matter all that much anymore. For Clinton had she not received this endorsement it would have been news. For McCain I think it only ultimately hurts him nationally with Republicans who view the paper as THE liberal media establishment. The fact that the editorial endorsing him read like outpourings of a Democratic subconscious probably doesn’t help.