Two Collapses in One Week: the Stock Market and the McCain/Palin Campaign

The stock market collapsed last week. My friends tell me there is no support for the Dow until the level of 7500 and after that some historical leveling at around 5000.

Authoritative people on TV are saying that we should recall the 73-74 recession when the market went down 50%. If you measure from 14,000, that will put the "bottom" at 7,000. If you start from the more recent plateau of 11,000, we are looking at coming to rest at 5500. But you don't need me to tell you all this stuff."You could look it up."

Same week, different collapse.

On Monday, Obamawitz was opining ahead of the pack in the Daily Kos:

This is not just another scandal, or joke, or gaffe. Sarah Palin and John McCain are inciting violence, against Barack Obama and any of the millions of Americans who support his campaign. Anyone who is familiar with the recent history of Israel, and the assassination of Yitzhak Rabin by a right-wing extremist, will recognize the pattern. We must take this seriously, and make our protest against the McCain-Palin incitement to violence heard, before it is too late.
I guess those of us who recall the Rabin assassination were more sensitive to the dangers of inciting-hate-speech, often invoked as the prime motive for the violent killing of the Israeli leader.

By today the news had gotten much worse around the McCain and Palin campaign and its out-of-control rallies. The rest of the world has realized that the Republicans had unleashed a truly evil force in its campaign.

The Atlanta Journal Constitution reported that black Congressman John Lewis condemned McCain in the strongest of terms, recalling the racist incitement of George Wallace:
“What I am seeing reminds me too much of another destructive period in American history. Sen. McCain and Gov. [Sarah] Palin are sowing the seeds of hatred and division, and there is no need for this hostility in our political discourse.

“During another period, in the not too distant past, there was a governor of the state of Alabama named George Wallace who also became a presidential candidate.

“George Wallace never threw a bomb. He never fired a gun, but he created the climate and the conditions that encouraged vicious attacks against innocent Americans who were simply trying to exercise their constitutional rights.

“Because of this atmosphere of hate, four little girls were killed on Sunday morning when a church was bombed in Birmingham, Alabama.

“As public figures with the power to influence and persuade, Sen. McCain and Gov. Palin are playing with fire, and if they are not careful, that fire will consume us all.

“They are playing a very dangerous game that disregards the value of the political process and cheapens our entire democracy. We can do better. The American people deserve better.”
And wait, the news gets worse for McCain/Palin. Author Frank Schaeffer wrote yesterday in the Baltimore Sun "McCain's attacks fuel dangerous hatred" -- addressing McCain with rhetoric that I do not think could be stated any better:
John McCain, you are no fool, and you understand the depths of hatred that surround the issue of race in this country. You also know that, post-9/11, to call someone a friend of a terrorist is a very serious matter. You also know we are a bitterly divided country on many other issues. You know that, sadly, in America, violence is always just a moment away. You know that there are plenty of crazy people out there.

Stop! Think! Your rallies are beginning to look, sound, feel and smell like lynch mobs.

John McCain, you're walking a perilous line. If you do not stand up for all that is good in America and declare that Senator Obama is a patriot, fit for office, and denounce your hate-filled supporters when they scream out "Terrorist" or "Kill him," history will hold you responsible for all that follows.

John McCain and Sarah Palin, you are playing with fire, and you know it. You are unleashing the monster of American hatred and prejudice, to the peril of all of us. You are doing this in wartime. You are doing this as our economy collapses. You are doing this in a country with a history of assassinations.

Change the atmosphere of your campaign. Talk about the issues at hand. Make your case. But stop stirring up the lunatic fringe of haters, or risk suffering the judgment of history and the loathing of the American people - forever.
The stock market collapse will stop at some level, maybe 7000, maybe 5000.

But I am convinced now that the McCain/Palin ticket collapse is full and final. Their campaign is bankrupt. They have crossed over to the dark side.

Yes, the wingnuts and some wealthy conservatives will stay with these characters. The ticket perhaps will get 35% of the popular vote. But at this rate, John and Sarah will win no states, not even Alaska.

Rightly and appropriately, these purveyors of hate and evil will be shut out in this election with zero electoral votes.

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