ProfJohn
Lifer
- Jul 28, 2006
- 18,161
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There is a theory floating around that says a poor economy is good for Obama but a really bad economy is good for McCain.Originally posted by: Thump553
If you pay any attention to the economy, the meltdown that is now happening on Wall Street stands a very probability of spreading to Main Street. Lehman Brothers went into Chapter 11 today without a bit of federal intervention (just talk) and now it looks like a very major insurer, AIG, could be going the same route as soon as tomorrow. Even a few days ago it was absolutely unthinkable AIG's situation would unravel this far or this fast.
Alan Greenspan today said this is a once a century occurence, and he hasn't seen anything like this in his lifetime. To me that's like having your doctor gasp "Holy f*ck" when he looks at your chart.
We had the worst day on Wall Street today since 9/11 and tomorrow is shaping up to be more of the same.
McCain's response-repeated again today-the economy is fundamentally sound, and he railed about the high salaries CEOs of failed institutions get. That's like complaining about a parking lot ding on your car that subsequently got run over by a tank. He is pathetically out of his league with financial issues, and frankly out of touch.
I think this may jolt Americans into selecting a President who can (and does) dare to think, and the lipstick, etc issues that the GOP is so fond of will diminish rapidly. We need to select a leader, not choose the best sideshow distraction.
The idea being that the worse the economy is the more McCain can bring Obama's lack of experience into the debate.
Are you willing to trust the economy to a guy who was in Washington for less than 2 years before deciding to run for President?
