Monday September 22, 2008, 5:57 pm
WASHINGTON (CNN) – A new CNN/Opinion Research Corporation Poll suggests that by a 2-to-1 margin, Americans blame Republicans over Democrats for the financial crisis that has swept across the country the past few weeks — one factor that may have contributed to an apparent increase in Barack Obama’s edge over John McCain in the race for the White House.

In the new survey, released Monday afternoon, 47 percent of registered voters questioned say Republicans are more responsible for the problems currently facing financial institutions and the stock market, with 24 percent saying Democrats are more responsible. One in five of those polled blame both parties equally, and 8 percent say neither party is to blame.

.....

Where did Obama make his gains?

"In two core McCain constituencies: Men, who now narrowly favor Obama. And seniors, who have also flipped from McCain to Obama," says CNN Senior Political Analyst Bill Schneider.

When including only those people most likely to vote, the results are pretty much the same: Among likely voters, Obama has a 4 point lead, 51 percent to 47 percent.

The new CNN poll of polls also shows Obama with a similar advantage — 49 percent for Obama to 44 percent for John McCain.

"The economy has always been considered John McCain's Achilles’ heel, and the CNN poll of polls started to show an Obama edge in the middle of last week — just as the financial crisis began to hit home for many Americans," said CNN Polling Director Keating Holland.

Monday September 22, 2008, 6:01 pm
Log out of care2 to get your free obama button if you havn't yet. Of course come right back when you are done.)

Monday September 22, 2008, 6:52 pm
http://www.huffingtonpost.com/2008/09/22/dirty-secret-of-the-bailo_n_128294.html

Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter

"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People's duly sworn representatives. All decision-making power will be consolidated into the Executive Branch - who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay, and no fundamental means of holding those who fail to do so accountable.

Is this starting to sound familiar?

Monday September 22, 2008, 8:40 pm
So, my question, Blue, is what sand pile the other third has their head stuck in?

Monday September 22, 2008, 11:19 pm
one third illusionists. one third that have only a conscious for what they have. one third that don't care about the rest of the u.s. one third ignoramous. one third dead wrong.

Tuesday September 23, 2008, 4:26 pm
Mae, I agree with you, to a point. Some people (not the entire 1/3rd) just don't like either candidate. I had that problem in the governor election. But I did vote, just for someone else! It was a bummer not trusting either of the major candidates. Very depressing. Fortunately I don't have that problem with the pres candidates. I'm going OBAMA 08

Tuesday September 23, 2008, 4:37 pm
Re the title: As well they should blame the GOP! 8 years of this has been hell for the economy, the military, the international forum, shall I go on? It has NOT been hell for the oil barons, they are sitting pretty, GRRRRR. Thanks, Blue, your posts are awesome.

Wednesday September 24, 2008, 3:15 pm
McCain's campaign is imploding; McCain can't walk and chew gum at the same time and admits he knows next to nothing about the economy.


McCain Wants A Time Out -- But Why?Bush was able to debate Kerry while he was president.
For all of his sudden urgency, McCain acknowledged just yesterday that
he had not even read the administration's three-page bailout proposal.

Wednesday September 24, 2008, 9:19 pm
Why did Paul$on'$ firm: Goldman $ach$ survive???

The Long and Short of It at Goldman Sachs

Goldman Sachs sold hundreds of Billions in subprime/CDO's and shorted them at the same time.


A new analysis by Goldman Sachs Group, Inc. finds that “Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already
disclosed.”

The degradation of accounting The folly of fair value accounting, which helped to drive up executive bonuses based on illusory values, is increasingly exposed by the US financial crisis. Goldman Sachs now has "assets" for which no market exists valued at twice the firm's capital. That route leads to insolvency.