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Five Days After Bailout, Economy and McCain Are Tanking

By Jeralyn

Last week on the day the Dow had its astounding 770 point loss, I asked how much can you afford to lose? I mentioned:

I don't have any investments, but my mother has a modest amount that is used to pay for her nursing home care. ... Today, she lost $15,000.00.

Friday, the bailout agreement agreement passed and things have gotten worse. Yesterday she lost $12,000. and today another $8,000. All in so-called "large cap" (less-risky) stocks that supposedly always come back. I hope she lives that long.

I don't know many people who can lose $35,000. in a week and keep on trucking. Here's what I think it means for the election. [More...]

We need a change. We need new leadership. It would be laughable that John McCain thinks he can win the election by avoiding the economy and instead having Sarah Palin talk about William Ayers -- if it weren't so serious and the stakes not so high.

Americans aren't stupid. They know McCain represents four more years of the failed policies of Republicans and George W. Bush -- and that Sarah Palin is no more qualified or prepared to be Vice President than they are.

I am ready to predict a landslide win for Obama on November 4. It's all in the turnout and given this economy -- and the fear that the prospect of Sarah Palin being so close to the Presidency generates in millions of Americans -- it will be unprecedented.

McCain likely will lose in Florida, Pennsylvania, Ohio and Michigan. He may not even take some really red states like Indiana. The presidency has become far beyond his reach.

Voters may not know Obama that well, but they know McCain and that he's not the one to lead. Coupled with his sleazy Hail Mary pass of putting Palin on ticket, he's demonstrated unequivocally that he can't be trusted to put our interests above his own.

Voters will take a chance on Obama. They want change. The worse things get economically, the more change they'll want. The "O-ba-ma" crowd will drown the "USA, USA" team and McCain-Palin will go down in flames of historic proportion.

If Osama bin Laden was captured or killed between now and November 4, it would be too late to help John McCain. If he tried to take credit, he'd be a laughing stock -- it would be as phony as his claim he was suspending his campaign because Washington needed him to help with the bailout bill.

McCain wants to cut medicare and medicaid benefits, tax health care benefits and privatize social security. There are millions and millions of Americans (like my mother and and people my age whose parents desperately need those benefits) who won't stand for it.

Wishful thinking? Perhaps -- so just in the race tightens up, don't forget to vote. I've finally concluded there are way more of us than there are of them. But it really is all in the turnout.

Full post as published by TalkLeft on October 07, 2008 (boomark / email).