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Via MSNBC:
According to preliminary calculations, the Dow fell 678.91, or 7.3 percent, to 8,579.19. The blue chips hadn't fallen below the 9,000 level since Aug. 6, 2003.
Via the New York Times:
The Standard & Poor's 500 stock index was down nearly 7.6 percent and the Dow Jones industrial average was down 678.91 points, or about 7.3 percent, both posting one of their worst days in post-war history. The Nasdaq composite was down 5.4 percent.
The Los Angeles Times sub-headline was "The market benchmark now has fallen 39% from the record high it reached only one year ago."
What was Sen. McCain talking about today? Via the Los Angeles Times:
McCain set out to promote his plan to help homeowners by having the government buy mortgages, renegotiate them at the current value of the property and then issue a longer-term loan at a fixed and lower interest rate. But, responding to a question, McCain for the first time at a rally personally linked Obama to former radical William Ayers, a favorite GOP target....McCain also stepped up his attack on Obama, bringing up the Democrat's relationship with Ayers, a founder of the violent Weather Underground during the Vietnam War era.
"We don't care about an old, washed-up terrorist and his wife who, at least on Sept. 11, 2001, said he still wanted to bomb more. That's not the point here," McCain said, responding to a question from a person in the crowd at the sport complex.
Though he has mentioned the Obama-Ayers relationship in interviews, the Arizona Republican has not mentioned Ayers at rallies or when he confronted Obama during the debates.
"The point is that Sen. Obama said he was just a guy in the neighborhood. We know that's not true. We need to know the full extent of the relationship because of whether Sen. Obama is telling the truth to the American people or not. That's the question," McCain said.
That's keeping our priorities in perspective. Trillions of dollars of value have been lost -- a loss that's going to have a major effect on the value of millions of American's 401(k)'s/retirement incomes -- and Sen. McCain tries to link Sen. Obama to terrorism.
When the economic upheaval likely topples more Republican Congressional candidates next month than previously were expected to be toppled, they'll have McCain's bizarre, ill-timed focus on cultural conservatism issues in large part to blame.
Why does McCain focus on this hoary Ayers story at this point? Well this is the kind of thing you do when folks on your side of the fence are declaring your ticket a disaster. Take conservative columnist David Brooks, who calls Sarah Palin "a fatal cancer to the Republican party." Video is below the fold.
OBAMA: Well, I am surprised that, you know, we've been seeing some pretty over-the-top attacks coming out of the McCain campaign over the last several days that he wasn't willing to say it to my face.But I guess we've got one last debate. So presumably, if he ends up feeling that -- that he needs to, he will raise it during the debate.
The notion that people don't know who I am is a little hard to swallow. I've been running for president for the last two years. I've campaigned in 49 states. Millions of people have heard me speak at length on every topic under the sun. I've been involved now in 25 debates, going on my 26th. And I've written two books which any -- everybody who reads them will say are about as honest a set of reflections by, at least, a politician as are out there.
So, you know, I think that, you know, Senator McCain's campaign has been focusing on me primarily because they don't want to focus on the economy. And they've said as much. I mean, you've had their spokespeople over the last couple of days say if we talk about the economic crisis, we lose.
[Sarah Palin] represents a fatal cancer to the Republican party. When I first started in journalism, I worked at the National Review for Bill Buckley. And Buckley famously said he'd rather be ruled by the first 2,000 names in the Boston phone book than by the Harvard faculty. But he didn't think those were the only two options. He thought it was important to have people on the conservative side who celebrated ideas, who celebrated learning. And his whole life was based on that, and that was also true for a lot of the other conservatives in the Reagan era. Reagan had an immense faith in the power of ideas. But there has been a counter, more populist tradition, which is not only to scorn liberal ideas but to scorn ideas entirely. And I'm afraid that Sarah Palin has those prejudices. I think President Bush has those prejudices.
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