The Day the Momentum Changed

Just back from Pittsburgh today and lots to catch up with, so I am directing my loyal readers to today's series of posts on The Huffington Post. The financial crisis has put Obama and the Democrats in a situation that must be handled, as the Wicked Witch of the East (or was it the West?) put it re the impending death of Dorothy, "del-i-cate-ly." At the same time the Republicans, in their exquisite dishonesty, are falsely accusing Obama and the Democrats of wanting to raise taxes on the middle class, the Bush administration wants Congress to unquestioningly and without conditions pass a bailout plan that will guarantee taxes will have to be raised on everyone sooner or later. And anyone who objects to being strong-armed into basically saving the capitalist class from its greed and errors will of course be accused of endangering the livelihoods and future of the average American. A time for leadership, to be sure.

2008-09-22

The Daily Brief

The Day the Momentum Changed

AP

Drew Westen: With a four-point lead that means little, the game isn't over yet. The next potential game-changer is his first debate with John McCain, and what he needs to do in the debates is precisely what he has not done thus far in that format, and what no Democrat other than Bill Clinton has done effectively in decades: to connect with voters in a way that makes them feel like they know and share his values, feel confident that he will keep them and their families safe, and will do right by people like them. Click here to read more.

Jared Bernstein: Watching History Unfold

You hear that implosion reverberating through financial markets? It's the sound of decades of conservative ideology collapsing. Last week revealed the myth of market fundamentalism.

Robert L. Borosage: Financial Crisis: Time for a Citizens' Plan?

These demands will be met with howls of outrage, a renting of pinstripes. It will require a Congress, lathered with Wall Street contributions, to insist on a deal that makes sense.

Hale "Bonddad" Stewart: The Death of Republican Philosophy

Simply put, this week has demonstrated a key point -- when the going gets tough, the Republicans become socialists.

Sen. Bernie Sanders: The Middle Class Must Not Be Forced to Bail Out Wall Street Greed

This proposal is an unacceptable attempt to force middle income families to pick up the cost of fixing the horrendous economic mess that is the product of the Bush administration's deregulatory fever and Wall Street's insatiable greed.

Leonce Gaiter: Every Man For Himself, Said The Elephant Among The Chickens

Andrew Sullivan says he believes in "personal responsibility." But like most conservatives, he only believes in it for proles. Money buys morality in today's America--just like it buys administrations.

HuffPost News

• HBO Big Winner At 2008 Emmys, Basic Cable Makes History
• Did Economic Crisis Burst Palin's Media Bubble?
• McCain Plays Rezko Card In New Ad
• Last Major Investment Banks Change Status
• Inside Emmy After Parties: The Winners, The Losers, The Eating

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McCain gets smart. I hate to say it, but he is making the right noises about the bailout, and taking a very different tack than George W. Bush. The economic crisis could end up being a wash for the Obama and McCain campaigns. If so, be worried, be very worried.