|
On Sunday, September 21, 2008 -- 44 days before the election -- the RCP Poll of Polls had Obama at 47.6, McCain at 45.4 (Obama +2.2), and Intrade was roughly 51-48 Obama.
On September 21st, it was exactly one week after the announcement that Lehman Brothers was filing for bankruptcy and Merrill Lynch was being sold to Bank of America.
On September 21st, it was six days after the first major market drop in the current financial crisis, 500 points, and six days after John McCain stated that the fundamentals of the economy were strong, a statement which was used in an Obama ad released the following day.
On September 21, it was two days after Henry Paulson released his initial bailout proposal -- and on this day he expanded it to include foreign financial institutions.
On September 21st, Goldman Sachs and Morgan Stanley, the two last remaining independent investment banks on Wall Street, become bank holding companies as a result of the subprime mortgage crisis.
On September 21st, John McCain's "suspension" of his campaign was still three days in the future, and the first Presidential debate five days in the future.
On September 21st, if you asked anyone whether the Dow would drop 777 points in a single day, or that a McCain campaign spokesman would admit to the press, that a continued discussion on the economy would result in their loss, they would have laughed in your face.
This is what the world was like 22 days ago. Think of how much has happened in the last 22 days. Think of how much can happen in the next 22.
Don't stop working. Don't stop pushing. Don't stop believing.
|
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
