In the lead-up to a debate, the parties are supposed to build up expectations for the other side and lower expectations for their own. Fortunately for the McCain-Palin ticket, expectations can't get any lower than they are, given the interviews thus far, rare though they have been.
Our modern politics are focused primarily on personalities and only secondarily on principles and policies. If the people like the personality, they will find any excuse to defend the policies.
The Guardian has an in-depth preview of what today's events may mean for the future of banking. Ironically, the Glass-Steagall Act that was repealed in 1999 had been on the books since the 1930s and was instituted in response to the Great Depression. And today's remarkable events were assessed by former Federal Reserve chairman Alan Greenspan as a "probably once-in-a-century type of event."
While the gun-toting, Bible-thumping, chest-pumping, flag-waving masses had been put into some kind of hibernation since January by John McCain, it took mere days for Sarah Palin's big-hair, beauty-queen, hockey-mom, mega-family persona to bring them roaring back to life.
The talking heads have been attempting to hammer home what they hope will be the defining image of Sarah Palin as "reformer" and someone who has "taken on the oil industry." Of course, as someone who favors drilling in ANWAR and who doesn't admit climate change is man-made, it's hard to understand just how she is differentiating herself from the interests of those oil companies, despite apparently successfully pushing their corporate taxes upwards.