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Running Out of Time

On the first full day of trading after passage of a financial bailout plan by the U.S. Congress, markets are falling off a cliff.

Courtesy of the New York Times Markets Overview.

Meanwhile, Republican vice presidential candidate Sarah Palin had this to say in her debate with Democrat Joe Biden last Thursday.

    One thing that Americans do at this time, also, though, is let’s commit ourselves, just everyday American people—Joe Six Pack, hockey moms across the nation—I think we need to band together and say “Never Again.” Never will we be exploited and taken advantage of again by those managing our money and loaning us these dollars.

This is similar to her plan for global warming, in which she said she doesn’t want to “argue about the causes,” but rather go straight to “dealing with the impacts.” Apparently for Palin, there is no need to understand a problem order to fix it. If “everyday American people band together” the problem will disappear!

The good news is that Americans have had enough of this, and won’t allow John McCain and Sarah Palin anywhere near the White House. The bad news is that by the time Barack Obama gets there, there may be nothing left of our nation but smoldering ruins.

By the way, Obama spoke to 28,000 people yesterday in my town of Asheville, North Carolina.

The speech was mostly about health care, but the best line was probably when Obama defended himself against Palin’s accusation that he is “palling around with terrorists”—part of a desperate strategy by the McCain campaign to try to tear down his reputation before election day.

    Senator McCain and his operatives are gambling that he can distract you with smears rather than talk to you about substance. They’d rather try to tear our campaign down than lift this country up. It’s what you do when you’re out of touch, out of ideas, and running out of time.

He was still in Asheville this morning when gave this statement to the press about the financial crisis.


Comment from Reda
Time: October 6, 2008, 21:49

I’m not sure that the McCain strategy of trash accusations and focusing on Obama bad ties is nt going to work. ! month of time in politic is an eternity and Obama reached the top of the polls too early.

Comment from eatbees
Time: October 6, 2008, 22:42

Reda, it’s not too early because a lot of states allow early voting. For example, in my state voting starts on October 16, and there are states where voting has already begun.

More than that, undecided voters started making up their minds in the last 2–3 weeks, and the economy has been the big issue during that time. It’s clear from the polls who is winning that argument. McCain went from 1–2 points ahead to 7–8 points behind. I believe these are long-term changes that McCain can’t reverse as long as the economy is on people’s minds.

Finally, Obama has excellent organization in every important state, which gives him an additional advantage beyond the poll numbers.

We’ll know on November 4, of course!

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