But if the financial crisis -- a crisis that Republicans had vainly hoped would have been behind them after last week's Congressional approval of the administration's 700-billion- dollar bailout package -- best explains the plunge in McCain's electoral chances, it appears that his surrender to the right-wing base of the party -- signaled most dramatically by his selection of Alaska Gov. Sarah Palin as his running-mate, as well as her performance in both her rare and highly scripted media interviews and on the stump -- is also a major contributing factor.
While Palin has largely succeeded in energising the party's ideological core, virtually ever poll published in the last three weeks, including those following her debate with Obama's running-mate, Sen. Joseph Biden, has shown that she is acting as a drag on the ticket among all-important independent voters, who make up about a third of the electorate.
Friday’s publication by a Republican-dominated Legislative Council of a report in which a special investigator found that Palin had abused her power as governor in seeking the dismissal of her ex-brother-in-law from the state police will clearly raise new questions about her fitness for the vice presidency.
Moreover, her apparent role as the spear point for attacks on Obama's "character" -- including his past associations with William Ayers, a University of Chicago education professor who was a leader of the terrorist Weather Underground 40 years ago and black liberation theologian Rev. Jeremiah Wright -- as well as the increasingly angry and openly hostile crowds that she is drawing to her rallies appear to be alienating more traditional, conservative Republicans.