Our weekly moment of reflection, courtesy Harpers:
The Treasury Department seized control of mortgage and loan giants Fannie Mae and Freddie Mac, firing the companies’ chief executives and promising to provide as much as $200 billion to prevent insolvency. The jobless rate rose from 5.7 percent to a five-year high of 6.1 percent, with more than 84,000 jobs lost in August, and Senator John McCain accepted the Republican Party’s nomination for the presidency. “This campaign is not about issues,” said McCain’s campaign manager, Rick Davis. “This election is about a composite view of what people take away from these candidates.”
Yes. Heaven knows we wouldn’t want to make the election about issues. Like the mortgage crisis or the jobless rate. Good to see the McCain campaign has its finger on the pulse.