On Monday, this blog looked at the financial crisis hitting Wall Street, and praised Paulson for his series of actions that included letting Lehman Brothers fail that day. On Tuesday, the market recovered.
The blog also said,
Obama should be able to capitalize on this latest financial crisis, true front-page news. When times are bad economically and Republicans are in charge, voters gravitate back to Democrats.
Two days later, Obama, who had been trailing McCain in the polls for over a week, moved back in front.
Then Wednesday, this blog opined that that day’s stock market’s drop “shouts out” for “bolder action”—creation of a new Resolution Trust Corporation as recommended by former Fed chair Paul Volcker and others—adding, “I’m sure Hank Paulson’s noticed the market’s panic.” Yesterday, Paulson acted to form just such an entity, and the market went up. Two items, both on target.
And just look at these earlier entries:
Victory in Iraq means turning the country over to a democratically-chosen government, whatever its policies. Defined in those terms, we’ve won in Iraq, even if few yet say so. In January, just four months after the surge started producing measurable results, the blog asked, “Is Peace Breaking Out?” And in August, I eliminated the monthly Iraq report, a blog feature since its early 2006 days, saying “Iraq's level of violence has subsided to the point where U.S. forces are hardly waging a war.”
In July, the blog said Obama should select a female vice president, because if he didn’t, McCain might do so himself. Obama could have saved himself a bundle of trouble had he selected a woman.
A February blog entry identified Obama as “very likely to be our next president,” and pointed to the New York Times’ above-the-fold, front-page 3,000 word story, with bylines from four reporters suggesting McCain had an affair with a telecommunications lobbyist nine years previous, as the opening salvo of a campaign during which the media would do everything within its power to elect Obama and defeat McCain. Obama still looks like our next president, and it’s now widely accepted the media is bending the truth to elect him.
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