Thursday, November 06, 2008

The Convenient Crisis

Wall Street's crisis can take the credit for Obama's win - Nov. 5, 2008: "WASHINGTON (Fortune) -- In the end, it was the travails of Wall Street - which he scolded 14 months ago for too often going for the 'quick kill' - that enabled Barack Obama to seal the deal with America's voters last night and stand before 150,000 supporters in Chicago's Grant Park to declare that 'this is our moment.'

All summer long, Obama ran neck and neck with Republican opponent John McCain. But on Sept. 17, two days after the Dow Jones plummeted 300 on news that Lehman Brothers was declaring bankruptcy and insurance giant AIG was on the brink, the first-term senator from Illinois opened up a lead in the polls - one that widened as the financial crisis deepened..."

No comments: