Thursday, October 09, 2008

THE CORNER. The story now is that Obama is causing the stock market crash. Srsly:
Now, it's far more likely that the causation and correlation suggested by some readers is backward: the markets tank for non-political reasons and Obama does well as a result, rather than Obama does well and then the markets tank. Still, I think Pethokoukis' point that Obama's success may make investors more pessimistic about the future has some plausibility to it.
The Pethokoukis reference is to an article called "Is Obama Depressing the Market?" This is a new low, but even more than the other new lows we've seen in this campaign, it's ridiculously counterproductive. Chief Executive magazine declares that "Job Creators Prefer John McCain 4-to-1 Over Barack Obama," and the average American has to think: Job what? The chief petty officers of our ruined economy prefer McCain? If CEOs declared as strongly for air and sunlight, I think at this point most citizens wound opt to live in underground caves.

The current rightwing talking points are expressed with refreshing psychosis by The Anchoress:
There is a reason that this untried, unprepared, not-especially-glib-after-all man has been thrust into such extraordinary prominence at this time. There is a reason why so much seems to be coming together to work in his favor. There is a reason why world markets are collapsing just before this very important election, and why they will continue to do at least until after the vote.
This is the voice of the dead-ender who has found herself in her preferred environment: cornered, her back against the wall, no longer even socially restrained from giving voice to her darkest fantasies, she can at last bust loose. And she's only getting warmed up.

It promises to be quite a spectacle: a battalion of shirtless dorks who think they've turned into the Hulk, threatening to smash.

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