Cafe Talk | Talking Points Memo | The Economy is Tanking

The Economy is Tanking - Who does this help?

By TM - September 14, 2008, 10:54PM

Lehman Bros is bankrupt. AIG is in a hole. WAMU may go bankrupt. The market is going to crash in the morning. Who does this help election wise? Will people be more willing to believe McCain lies or looking for real help from Obama?

Comments (7)

I think McCain has pretty much called dibs on the "economy isn't that bad" line; plus, his party's in power. So I'd say deepening economic mayhem hurts him.

Indeed, McCain economic advisor Luskin has an ill-timed op ed in tomorrow's Wash Post berating Obama for saying the economy's bad. (I leave for another day his literary trope of Obama being "patient zero" spreading an "infection" of economic pessemism). See:

http://www.politico.com/blogs/bensmith/0908/Dept_of_poor_timing.html#comments

Posted by Subliminability
September 14, 2008 11:09 PM | Reply | Permalink

Ouch. Poor timing indeed. Somehow I think this won't affect his being able to create fiction for Wapo.

Posted by TM
September 14, 2008 11:28 PM | Reply | Permalink

From "whiners" to "exaggerators" this op ed will make a great out of touch ad for Obama:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/12/AR2008091202415.html

Posted by gotalife
September 14, 2008 11:35 PM | Reply | Permalink

Gaaa!!! Luskin bugs the living crap out of me.

Here's my favorite recent quote from the idiot:

If you don't think too hard about it you can claim that under Democratic presidents stocks have averaged a 15.6% annual return since 1948, while under Republicans it's just 11.1%.

But that's a scam. If you make just one little adjustment -- treat Richard Nixon as a Democrat, since his economic agenda was more like a Democrat than a Republican -- the whole thing falls apart. The numbers completely reverse. Any analysis that's that fragile is just no good.

The guy also likes to take credit for Kennedy as a republican.

Posted by kgb999
September 15, 2008 12:26 AM | Reply | Permalink

Hey ... it ditched half my blockquote! Dammit.

Posted by kgb999
September 15, 2008 12:28 AM | Reply | Permalink

indeed

Posted by workingclasszero
September 15, 2008 12:33 AM | Reply | Permalink

Grrrrr, stupid site.

That was directed to gotalife

Posted by workingclasszero
September 15, 2008 12:35 AM | Reply | Permalink

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The Economy is Tanking - Who does this help?

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