Professor Elam

My take, with a month to go I suspect that the Dem party staged an atempt at a manufactured crisis, designed to make everyone think there is in fact a panic. Sure enough we had one, but not quite like planned. While there is a lot of finger pointing and spin, I suspect that literally those with races that might be lost are quaking in their Johsnon Murphy loafers.

The voters held another Boston Tea Party and threw the Bailout Plan (speaking of rhetoric, who would support a bailout) in the Harbor, fearing a smilar fate, a lot of pols voted against it.

The job of Speaker of the House is to get legislation passed, no point in calling for a vote and then saying it is a lousy bill and by the way all of you do not have to vote for it, bingo, stock market meltdown, and no bill passes,  okay so it was underway already but, this may change the makeup of the House, not what the Dems had in mind, four weeks to go, lots of fun.

The market closed up a healthy 457 points above the 50% 10750 line, once again the market looked into the abyss and said no.