Well, so much for the economic rescue/bailout/socialism. It doesn't seem to have helped much! The DOW fell almost another 700 points today, and is under 9000. This is the lowest it has been in 5 years! One year ago, it was at 14000. This is just awful, particularly for the baby boomers. So many of them are reaching retirement age, looking forward to not clocking in at the 9 to 5 and spending time pursuing hobbies, spoiling grandchildren, asking their doctor about _________ or doing whatever it is exactly that retirees do. Not anymore! I don't know how anyone could feel comfortable retiring with the market like this.
All of this really hurts McCain. Is it his fault? Perhaps, in a way. I do think that Reagonomics just hasn't worked for most Americans. Nor has deregulation. He has espoused support for both concepts throughout his time in Washington. As I said a few weeks ago, I think his statement that "the fundamentals of our economy are strong" will later be seen as the turning point of this election.
So what does he do? He starts hitting Obama on the cultural issues. He's doing things like having surrogates refer to him as Barack Hussein Obama. (think, when's the last time you heard someone refer to McCain as John Sidney McCain?) Or having Palin trying to claim that he associates with terrorists. Both of these are designed to reinforce the stereotype of him as a "secret Muslim." These attacks play to such sad American xenophobic sentiment. It truly is shameful, yet effective. It saddens me that politicains stoop to these things. Sadder though, is that these things work. I wish they would focus on the economy, but the political scientist in me knows that won't happen.
Since I began following politics in high school, I have respected McCain. Yes, he did buck political trends regularly. Yes, he did write bold legislation. Yes, I thought he was ethical. The most telling thing for me is that he did not raise the Bill Ayers issue in the debate. To me, that suggests that he knows it is bs and couldn't say it to Obama's face.
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2 comments:
yea i agree with what ur saying. how polticians stoop down to this level. i feel that McCain isnt really bad but i think Palin is. She seems to mix religion into poltics alot and its really not good. we've seen what happens when u mix religion up with politics and to think we'd learn. and yea i think palin hates the fact that obama was a muslim. if she feels this way about muslims what will she do when shes the VP or maybe even President if McCain dies in office
What a roller coaster it has been for the economy. I read in the Star Ledger about Friday's stock market numbers throughout the whole day-
9:30- 9:37- fell 674
9:37- 10:08- rose 721
10:08- 11:56- fell 534
11:56- 12:42- rose 241
12:42- 1:54- fell 353
1:54- 2:12- rose 284
2:12- 2:54- fell 216
2:54- 3:36- rose 769
3:36- 4:00- fell 366
I agree that the economic crisis is not helping the McCain campaign and that he is stooping to low levels in calling Barack Obama a muslim terrorist. I just hope that people can figure out that what John McCain is saying is just a way to try and help himself out, but isn't really true AT ALL.
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