Dewey Defeats Truman II: How McCain might win in a squeaker…

In the last 48 hours, something has emerged that could very well be the early indication of McCain defeating Obama on November 4. For the first time since McCain’s address to the convention, the overall spread between Sen. Obama and Sen. McCain has dropped to an average of 3 points - or essentially the margin of error. Thus, McCain supporters need not be so glum that all is foretold and that the race is lost. While some pundits like Hannity and Limbaugh have been railing against the “Main Stream Media,” asserting that traditional news sources are trying to convince people that the race is locked, when it is not, for the first time, there is actually some evidence of that fact in polling. A strategy to victory, although improbable, for McCain exists. Senator Obama may indeed be vulnerable

Stock Market Meltdown, Bank Failures, and Recession! Oh my!

Last week, the stock market shredded almost 20% of its value, and briefly looked as if the Dow Jones Industrial Average would march to 7000, a number that would bring the market’s value down to almost 50% from its high a year ago. Panicked investors continue to be frenzied as they worry about the value of their 401K’s, IRA’s, and government savings plans, selling in droves and fleeing for the safety of US Treasury Bonds; bonds which are almost worthless in their yields at the moment as demand for bonds far outstrips supply. In the time of market panic - cash is king. Many Americans are asking, however, why this is happening? They were told the Bail Out “rescue” plan would avoid Financial Armageddon! Why then does the market continue to be driven downward, and the credit market continue to be seized?

Price tag for Government led Wall Street Bailout… $1.3 trillion… saving the US Economy from collapse… Priceless

As a conservative - I’m willing to pay the 1.3T dollars to save the US economy… just like I was willing to spend over a trillion dollars fighting for freedom in Iraq, Afghanistan, and in the Global War on Terrorism. This threat to the United States needed to be dealt with and in a logical way… because stability in the US markets is priceless.

Reserve Money Market Fund Collapses as Lehman default spreads through the market’s balance sheets.

The “Reserve Primary Fund”, just saw its shares fall below $1 a share. For all intensive purposes - this means that the money market fund has collapsed. This is the first, and perhaps most cataclysmic implosion following the wake of Lehman Brother’s collapse Monday morning.

Voters say economy overshadows political hoopla

CINCINNATI (Reuters) - Trudy Tucker doesn’t know if the back-to-back U.S. political conventions addressed the financial worries she has raising four children — she was too busy to watch.

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