At this time in 2008, the Obama campaign was surging, Wall Street was in crisis, and the McCain/Palin campaign was desperately attacking Obama's character and personal contacts ("palling around with terrorists"). It was beginning to look like the end for McCain.
Today, Mitt Romney is hoping to move up in the polls after a strong debate performance against an inexplicably "passive, distracted" Barack Obama on Wednesday night. But Nate Silver's Five Thirty Eight forecast still shows Obama with a strong lead in the electoral vote and an 87% chance of winning.
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Friday
Saturday
So Long, Cowboys
On September 29, 2008, Howard Fineman - writing for MSNBC - declared that "the Obama administration began at midnight Sunday."
Over that weekend, the deal had been struck for a $700 billion federal takeover of "the carcass of Wall Street." Noting that regardless of whom were to win the election, Fineman predicted that years of greed-fueled capitalism would no doubt be replaced by regulation and government intervention in the markets. He also pointed out that Obama "believes it is the role of government to help people and regulate the markets. ... He doesn't frankly, know much about economics or the profits - those were not his specialties in law or life."
In February 2012, the Christian Science Monitor reported: "Not since the Roaring '20s has the income gap between rich and poor been as wide as it is today in America."
Over that weekend, the deal had been struck for a $700 billion federal takeover of "the carcass of Wall Street." Noting that regardless of whom were to win the election, Fineman predicted that years of greed-fueled capitalism would no doubt be replaced by regulation and government intervention in the markets. He also pointed out that Obama "believes it is the role of government to help people and regulate the markets. ... He doesn't frankly, know much about economics or the profits - those were not his specialties in law or life."
In February 2012, the Christian Science Monitor reported: "Not since the Roaring '20s has the income gap between rich and poor been as wide as it is today in America."
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