In its simplest outline the facts are these; John McCain's campaign was dead in the water. Barack Obama "the one" had just delivered his nomination acceptance speech to a rapturous convention and the accolades of a sycophantic, part conspiratorial (yes, see "Journolist conspiracy" LINK) media reception.
At that point, according to the analysis of the widely respected "The Votemaster" at Electoral-Vote.com LINK using the same poll accumulation method that Nate Silver at 538.com does to wide acclaim, Barack Obama was running away with the election in the Electoral College as pictured below, and also in the various popular vote polls, Gallup etc.
Then John McCain stunned the political world with his selection of Sarah Palin as his running mate and on September 5th she delivered what is considered one of the best and most influential convention addresses of all time.
The GOP rank and file, previously lacklustre in its support, was solidly behind the McCain/Palin team and within days the huge gap between McCain and Obama was not only closed but in the popular vote McCain surged into the lead-Bill Kristol;"Sarah Palin gave McCain the best two weeks of his campaign."
On the Electoral College map for September 12th McCain/Palin had reached the 270 Electoral College votes to win the presidency and, for the first time that would have been seen in the leftist media, doubts and concerns about the previously inevitable Obama win became apparent. A full map history of those dramatic weeks is AT THIS LINK
"Today might later be remembered as the beginning of the end for Obama,"
For the first time this year John McCain has taken the lead in the electoral college, albeit by 2 EVs. Today's configuration shows McCain ahead in all the swing states except Colorado, all of which could go either way. Today might later be remembered as the beginning of the end for Obama, or just a blip. Obama now has 268 EVs. In 2004, John Kerry had 273 on this date.
Then from September 16th onwards the share market collapsed bringing mass unemployment, huge concerns for the average American and McCain's advisers giving him the wrong advice; "put the campaign on hold, don't campaign in Michigan, hold back Palin."
Here below are a few comments which illustrate the events of the time and the feeling that it would benefit the Democrats. From that day onwards, except for one day when the lagging polls had not caught up, the McCain campaign was behind, irretrievably, in the popular vote and Electoral College (as the map indicates) and the campaign was effectively over.
The questions are valid; did the Eastern elites who knew the parlous state of their system, who contributed such huge financial support to the Obama campaign, decide that they were going to have a Democrat in the White House who would allow the huge increase in Reserve Bank money creation that would prop up their banking system no matter what?
It would have been in their interest to bring on the collapse of a few major institutions to ensure that their banking structure receive massive injections of cash and thus prop up the remaining ones? Decision were taken to allow the ones that collapsed, specifically Lehman Brothers, to collapse when it would have been possible to prop them up.
Leftist Noam Chomsky tiny.cc/onu41w now agrees that Palin was right about Obama in 2008
and further, "Palin,when she was making fun of ‘hopey changey stuff,’ she was right; there was nothing there-that there was no substance to his presidential campaign"
That being the case it is quite possible to conclude that the "empty suit' was going to win no matter the cost in unemployment and economic dislocation even if it took losing a few, albeit major, pawns along the way.
McCain might not have won, and even with the lead he had gained because of Palin it would have been touch and go-but was that a risk the financial elites did not wish to take?
"The economy is back"
News from the Votemaster
Hello Economy, Goodbye Cosmetics on Animals
Lehman Brothers and Merrill Lynch no longer exist, A.I.G. is being radically restructured, and the Dow dropped 500 points yesterday. Guess what? The economy is back. The Washington Post's Dan Balz has a good piece on the political fallout. People are going to be asking the candidates: "How are you going to fix this mess and prevent a repetition?" The election will probably hang on the answers. The moderator of the first debate (Jim Lehrer), on Sept. 26 at the University of Mississippi, is probably going to bring up the subject as well.
News from the Votemaster
Dow Jones Index Plunges Another 449 Points
The $85 billion bailout of the nation's largest insurance company, A.I.G. didn't calm investors. They drove the DJIA down another 449 points, closing at 10,610. In October 2007 it was 14,164, a drop of 3554 points or 25% from the high. Here is a chart of the DJIA for the past 12 months. It's not pretty.
The political consequences are becoming increasingly clear: the economy is going to drown out every other topic and both parties are struggling to find good responses. This is going to be easier for Democrats than Republicans, in part because the answer most voters want aligns well with the Democrats' traditional response: the government needs to regulate big business. The traditional Republican response is to let the market do its work and reward winners and punish losers. Eventually it will settle down. But for millions of people worried about their jobs, their houses, their investments, their pensions, and their futures, just waiting it out may not be so popular
SEE ALSO link
Could GOP Landslide In 2016 Be Poisoned Chalice For Trump?
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