Posted on 10/13/2008 10:31:58 PM PDT by 2ndDivisionVet
Two weeks after the Republican convention in St. Paul, Minn., John McCain and Sarah Palin were striding forward toward victory.
They had erased the eight-point lead Barack Obama had opened up in Denver and watched as one blue state after another moved into the toss-up category.
That is ancient history now.
Since mid-September, the stock market has cratered, losing half of the $8 trillion that has vanished since October 2007. All five of America's great investment banks -- Bear Sterns, Lehman Brothers, Merrill-Lynch, Goldman Sachs and Morgan Stanley -- have either ceased to be independent or ceased to be.
The nation's largest savings and loan, Washington Mutual, and largest insurance company, AIG, have gone belly up, with the federal bailout of the latter costing $100 billion and counting. Perhaps $3 trillion of the $8 trillion in stock value that is gone disappeared after passage of the $700 billion federal bailout of Wall Street.
President George W. Bush has fallen to 26 percent approval, a level unseen since Richard Nixon was driven from office in the Watergate summer of 1974. Four in five think the nation is on the wrong course.
Yet, Barack Obama has only a six-point lead in an averaging of national polls. While he has moved ahead in Ohio, Florida, North Carolina and Virginia, one senses America is not so much rallying to him as running away from a Republican brand that is now on the same shelf with Chinese baby formula.
Obama still has not closed the sale. He has overtaken McCain not because of any brilliant campaign he has conducted but because of the dreadful news pouring out of Wall Street. McCain and Palin are being dragged down by Dow Jones, not Barack Obama.
As of today, the country is not so much voting for Barack and the Democrats as it is preparing to vote against the Republicans.
Consider: The Congress, whose Democratic ranks the nation is getting ready to enlarge -- the Congress led by Nancy Pelosi and Harry Reid -- has an approval rating half that of Bush.
Indeed, looking back on the Year of Barack, 2008, it is clear he has never closed the sale, either with the people or his own party.
After he came off the blocks with a startling triumph in Iowa and ran up a dozen straight primary and caucus victories in February, arrived the spring when Hillary, though Obama's media auxiliary was ordering her to get out, defeated him in Texas, crushed him in Ohio and Pennsylvania, and humiliated him in West Virginia and Kentucky.
Each time the voters take a second look at Barack, their positive first impressions seem to dissipate. Barack is a weak closer.
Herein lies McCain's hope. The country wants change, but it has not concluded it wants Obama. But if John McCain cannot raise grave doubts about Obama's agenda, his associates, his record, his character, his fitness to be President, Obama is going to win by default.
Obama has succeeded in the debates by playing defense. By his cool demeanor and persona, he has diminished apprehensions about an Obama presidency. There is no evidence of surging enthusiasm.
The Obama media are well aware of Obama's Achilles' heel, his great vulnerability, the doubts about him that still exist in the public mind. That is why they are near hysterical about Palin's ripping of Obama for "palling around" with "domestic terrorists" like William Ayers, the 1960s and 1970s Weatherman radical who conspired to bomb the Capitol and Pentagon and was quoted the morning of 9-11 as saying he wished he had set off more bombs.
The mainstream media call this irrelevant, as it was so long ago. Yet, can one imagine how the media would have reacted had they learned that a GOP presidential nominee was introduced to politics and worked in harness with a KKK bomber of black churches in the 1960s, who was quoted the morning of Oklahoma City as saying he wished he had planted more bombs?
As McCain is an establishment man on illegal aliens, NAFTA and Wall Street bailouts, uneasy with social issues like affirmative action and abortion, he lacks the full panoply of weapons that successful Republicans like Nixon, Ronald Reagan and Bush II used to win two terms. He seems to confine himself to the limited arsenal Gerald Ford, Bush 1 and Bob Dole employed when they went down to defeat.
This election is not over. Yet, even if McCain gets a bit of luck, a dead cat bounce on Wall Street, he must persuade the nation Obama is an unacceptable occupant of the White House if he is to win.
Palin appears ready to take the heat to make that case. But McCain seems ambivalent to the point of being bipolar on whether he wants to take responsibility for peeling the hide off Barack Obama.
Perhaps it comes down to what McCain really thinks about an Obama presidency and how he wants to be remembered by history.
I have not read a Pat B. opinion piece in a long while. He had become a symbol of conservatives gone wild to me.
This piece is thoughtful and back to the Pat B. I used to admire many years ago. I hope his rep is not so tarnished, that the McCain campaign will not even consider listening.
Pat lost it. It’s no secret. I like the guy but...
Yes he did... narcissism...many politicians fall into that... but this piece has merit.
The market has been in a downtrend for some time. When a great recovery like today occurs, it proves the unpredictable nature of markets in uncertain and truly unprecedented times. It’s hard enough for professional investors/traders to guess the direction, but its not out of line to tell a 401k investor that the markets will recover in due time with the right(and responsible) economic policies.
The objective is to assure the voters through the election. After that, the winner will have their hands full dealing with the economy.
What are your favorite points?
I predicted this downturn in gas prices drinking on July 4` This precipitous fall is rather disconcerting...
Trading was a bit light, which may lessen profit taking tomorrow. To be desired, of course, is a steady rise for the next two weeks. Ironically, it may help Obama by convincing voters he is harmless.
bttt
Didn’t some racist white girl (devil) steal his fish?
Buchanan’s endorsement is the last thing McCain Needs
And McCain should take it.
They say that about Keyes too.
I wonder if they really lost it or did many of us settle for less and move to closer to the fence.
But if John McCain cannot raise grave doubts about Obama’s agenda, his associates, his record, his character, his fitness to be President, Obama is going to win by default.
***McCain doesn’t even have to raise the doubts. All he has to do is poke his scrawny little head above the trench line long enough to point in the direction of FR and say, “over there”. Then he can go back into his dugout and we’ll close the sale for him.
Me too and my family even more.
If Sarah had not joined the ticket I was going to vote for him regardless.
Father came out today to bring us Holy Eucharist and saw out 8ftx4ft banner SARAH! and liked it.
I said ya know Father she was baptized a Catholic his reply was ya but she is not practicing as one now. Too Bad.
Hah Hah Papa one can never tell what blessings God may bestow upon the Silver Bullet.
(not meant to offend any non Catholics here)
Any nation that NEEDS anyone to raise doubts about a Stalinist like Obama may be too stupid to live much longer.
Pat nails it.
Gov. Palin and Obama are both in NH today. Let’s pray her speech is a barn burner.
McCain doesn’t have the cojones to say at the debate===
“I have proven I am a natural born US citizen. Obama must do the same. Where is your birth certificate?”
Then Phil Berg comes in with proof of Obama Kenyan birth and other disqualifiers
If he can’t take the hide off of Obama’s shiny exterior with humor he only sounds like another bitter old man, and will slide further in the polls. Face it Ron Reagan had a gentle sense of humor but the losers the GOP has foisted upon the masses like Bush I, Dole and Maverick are prototypes for the grumpy old men who should be sitting at the country club clipping coupons.
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