Capitulation and a Return to Normalcy

This title could (hopefully) be referring to the Stock Markets as on Friday, we began with a 700 point loss, rising back to almost even, dropping back to almost the same loss, then rose to a gain of 300 points then eased back down, but to a loss of only 128 points. All the possible sellers are probably out and that big intraday gain shows there are buyers ready to re-enter the market. There will probably be a lot of intraday activity, but hopefully the general trend from here on is upward.

However, this is a political rather than economics blog, so I am actually talking about John McCain. I think he has capitulated on the tactic of attacking Barack Obama's character at least to the point of encouraging people to believe caustic and non-factual opinions about Barack Obama. It was starting to get a bit scary. One spectator at a McCain rally this week was shouting 'Kill Him' (referring to Obama). That person detained, questioned and eventually released by the FBI. But a frequently run reel of a town hall rally in Wisconsin this week exhibits some of the depth of anger and frustration some McCain supporters are feeling.


Just a personal note that with the historically low approval rating of the incumbent Republican President, the state of the Economy and the propensity for the American voters to not give a party 3 consecutive terms in the White House, nobody should be surprised that "we are in this position".

After hearing a lot of attacks on Obama, McCain got to a point a few times during a campaign stop in Minnesota that he could not allow to remain unchallenged:



I admire John McCain's desire to take a stand at the presentation of these opinions. He has returned a bit to his old self that probably would have appealed to more moderates and independents than he has with the way his campaign has played out.

SOCCER DAD LAWN SIGN POLL for October 11 - Obama 21, McCain 13