Wednesday, September 17, 2008

More woes all around

Without getting into details about the craziness on Wall Street, lets just say that the energy of the Palin story (fun to love, fun to hate) has been replaced with a dry, complicated story of greed and unregulated financial hijinks. The poor media is stuck reporting the economy (the hangover) after having whooped it up with the happy Alaskan (the bender). CBS offered a reasonable analysis of the economy in relation to the candidates as a part of a week-long series contrasting the candidates.
Even Townhall.com hasn't been able to make the crisis into a sexy anti-Obama rant. This article seems almost nonpartisan until you realize that the author points out that Sen. Obama has received more in campaign contributions from people working at Wall Street firms than Sen. McCain has. I don't think that that is a partisan path the right wants to wander too far down.
This business with the financial institutions is far more worrisome than the slumping economy which played a role in President Bush Sr.'s loss to Bill Clinton. You know there is a problem when the Federal Reserve has to borrow money from the Treasury Department. Its enough to make a person long for the good ol' days of glammed up pig images and the dreadful daydreams of minivan limosine motorcades.

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