There's been a bloodbath on Wall Street this week, with the Dow Jones dropping 7% to a new three-year low, erasing over $1-trillion in U.S. stock value, amid the financial crises that befell Lehman Brothers, Merrill Lynch and AIG. Washington Mutual could be another casualty soon. People are scared to death, and fear that there's much more carnage to come. The economy is in the worst shape in modern history. And in this year's presidential election campaign, it's "It's the economy stupid" all over again. Americans are suffering. They're angry, frustrated and very worried about their homes, their jobs and their savings. They're primed for change. If Sen. Barack Obama cannot successfully mine this pot of gold by inextricably linking this financial disaster to his opponent Sen. John McCain and the Republican Party, where it belongs , then he doesn't deserve to win. He's being handed the election on a silver platter now, and the key question is, can he capitalize on this incredible political gift.
No matter how much Republicans try to change their uniform, the truth is, George Bush has been president for eight years, and the GOP has controlled both houses of Congress since 1994, with the exception of the last two years, where Democrats have held a paper-thin, non-filibuster-proof majority. The "swamp" in Washington that McCain and his veep Gov. Sarah Palin repeatedly refer to on the campaign trail is their party's mess. The crisis on Wall Street and in the mortgage industry is a result of years of Republican-led deregulation and greed. Let's be clear: the economic stench gagging America right now is attributable to Republicans. This election is now a referendum on what Bush, the GOP and McCain have done to destroy the economy since 2000, and Obama must slam this point home. If he can do so effectively, he will be our next president.
It's a new day. The political winds have changed thanks to the pain emanating from Wall Street, and voters, the media and the candidates themselves are finally talking about the issue most important to Americans, rather than wasting our time and insulting our intelligence yapping about Paris Hilton, lipstick and abortion. The economy is where Obama and Democrats have the upper hand. Obama's new mantra should be "Bush, McCain, Republicans, the horrible economy: it's time to say goodbye to them all." Drive this point home, over, and over, and over again...right up until Americans head into the voting booth.
This election is now Obama's to lose.
HELP ELECT BARACK OBAMA PRESIDENT: It's time now to help Obama fight the bigger fight and win the November election. He's gonna need money. Lots of money. Will you join me in making as large a contribution as you can to the campaign? I am personally commited to raising $25,000 for Sen. Obama and you can help me reach this goal. Click here to make a contribution. The White House is well within reach. Let's not let it slip away this time.
HELP ELECT BARACK OBAMA PRESIDENT: John McCain and the GOP are going to spend tends of millions on vicious attack ads and aggressive ground teams. There are many swing states this year--Colorado, New Mexico, New Hampshire, Florida, Ohio, Pennsylvania, Missouri among them. With a sizable war chest, Sen. Obama can successfully combat the GOP's attack and win these states. Click here to make a contribution. It's time to change America.