Astride the Mad Elephant.

“At McCain-Palin rallies, the raucous and insistent cries of “Treason!” and “Terrorist!” and “Kill him!” and “Off with his head!” as well as the uninhibited slinging of racial epithets, are actually something new in a campaign that has seen almost every conceivable twist. They are alarms. Doing nothing is not an option…What makes them different, and what has pumped up the Weimar-like rage at McCain-Palin rallies, is the violent escalation in rhetoric, especially (though not exclusively) by Palin…By the time McCain asks the crowd “Who is the real Barack Obama?” it’s no surprise that someone cries out ‘Terrorist!’ The rhetorical conflation of Obama with terrorism is complete. ” — Frank Rich, QFT, October 12, 2008.

It’d be funny, if it weren’t so frightening, to see this current version of the GOP end as it began. Forty years after the New Right that coalesced behind Goldwater and Reagan saw its first national victory with the election of Richard Nixon on a, ahem, “law and order” ticket (in no small part thanks to the assassination of RFK), the conservative movement that gave us Helms, Falwell, Reagan, Gingrich, and Dubya is collapsing back into its original base state: a seething, festering cauldron of paranoia, race-baiting, inarticulate rage, and eminently justifable, easily exploitable working-class grievance.

And, with no other game-changer left in the Atwater playbook, McCain the mythical maverick, his “Sarracuda” running mate, and the sad coterie of (lily white) GOP deadenders about them have now taken to doing the very opposite of “Putting Country First” — Instead, they’re stirring this pot, hoping the vile, unstable, and extremely combustible concoction therein can somehow propel them into the White House. Call it the Joker strategy: With no other way to win at this point, the McCain campaign is banking on the American people getting so scared, confused, and enraged by their lies and name-calling that we’ll up and decide to blow each others’ ferries out of the water. (In fact, now that I think about it, I guess that might go a long way towards explaining McCain’s bizarre recent “my fellow prisoners” slip. But, sorry, Senator, the prisoners’ dilemma isn’t going to play any better in November than it did in Gotham a few months ago.)

Frank Rich is right: Even as a Hail Mary play in anything-goes politics, this is beyond the pale. John McCain should — and, given his body language of late, does — know what so often results — and has resulted — from that foul brew he’s toying with. In short, this is a new low, and half-heartedly attempting to walk back the hate after fiddling with the lock on this Pandora’s Box is too little, too late.

Of course, we all eventually expected this of the Republican party — Their hold on power is at long last dissipating, and their sick, desperate movement, four-and-a-half decades old, is seemingly now in its ugly death throes, so why not trot out the oldest, saddest one-trick pony in their tiny stable? But McCain, from everything we’ve heard about the man, was meant to be better than this. A straight-talker, a man of honor, yadda yadda yadda. Well, horsepuckey. John McCain has brought everlasting shame on himself, and if there’s any justice left in this country, — and woe to you, Senator, I’m sure there is — his repudiation at the polls in a few short weeks will be devastating.

Palin: More Lundegaard than Gunderson.

“For the reasons explained in section IV of this report, I find that Governor Sarah Palin abused her power by violating Alaska Statute 39.52.110(a) of the Alaska Executive Branch Ethics Act.” Well, golly. Just in case anyone didn’t already think she was Cheneyesque enough, the Branchflower Report, i.e. the Alaska state inquiry into Sarah Palin’s firing of her public safety commissioner, finds that the Governor (and her husband) abused her powers of office to pursue a personal vendetta. “‘Gov. Palin knowingly permitted a situation to continue where impermissible pressure was placed on several subordinates in order to advance a personal agenda.” In regards to Palin’s early defense that said ex-brother-in-law was a physical threat to her family, “‘I conclude that such claims of fear were not bona fide and were offered to provide cover for the Palins’ real motivation: to get Trooper Wooten fired for personal family reasons,’ Branchflower wrote“

It should be noted, by the way, that the Branchflower inquiry was not only initiated and authorized by a GOP-run state legislature, but released on Friday thanks to a unanimous vote by a committee of 10 Republicans and 4 Democrats. This seems to be in keeping with what we’ve seen in recent days, where any right-leaning talking head with even a modicum of intellectual honesty, from Chris Buckley to David Brooks, is now repudiating and rejecting Palin as “a fatal cancer to the Republican Party.” That she is…although, not to assail Brooks’ NYT-and-PBS-certified powers of punditry, it really shouldn’t have taken him over a month to realize it.

…These People Aren’t Your Friends (My Friends)…

“There’s guards at the on-ramps, armed to the teeth. And you may case the grounds from the cascades to Puget Sound but you are not permitted to leave.” Well, it’s not falling off the stage, I guess. But McCain’s bizarre mix-up on the campaign trail today, an electoral coda for the “all-POW, all-the-time” candidacy if I ever saw one, clearly seems to signal a politician — and campaign — in serious decline. At this point, McCain’s presidential bid is rapidly progressing from appalling to just plain sad.

Second Verse, Same as the First.

“Well, you know, Sen. McCain, in the last debate and today, again, suggested that I don’t understand. It’s true. There are some things I don’t understand. I don’t understand how we ended up invading a country that had nothing to do with 9/11, while Osama Bin Laden and Al Qaeda are setting up base camps and safe havens to train terrorists to attack us. That was Sen. McCain’s judgment and it was the wrong judgment.“

As you know, the second of three presidential debates is now in the books. [Transcript.] And, while it’s still way too early to put this election in the fridge — there’s a lot of crucial get-out-the-vote work to be done first, and we all saw how that turned out last time ’round — we nevertheless seem to be moving away from the closely divided America of 2000 and 2004 and fast approaching an contest similar to Bill Clinton’s relatively smooth re-election of 1996. That year, the nation ignored the continued haranguing of an aging war hero about cultural matters to back the candidate with a clearly better grasp on both the economy and the way Americans really live. By all reliable accounts, Sen. Obama, who won the evening handily last night, is the Clinton candidate this time around, and it seems to be helping him across the board.

Sen. Obama not only seemed to have a clearer grasp on the causes, consequences of, and potential remedies for our current economic travails last night, he came across as more competent, more discerning, more likable, and more presidential throughout. Meanwhile, for all McCain-Palin’s wallowing in the tired old culture war over the past few days, the Senator from Arizona seemingly left all of his new favorite talking points in his other suit. And, while desperately needing some kind, any kind, of game-changer last night, McCain instead just puttered around the town hall muttering the same stale GOP platitudes — he’ll raise your taxes! he’s won’t keep you safe! — that didn’t get the job done the first time ’round. In short, let’s not count our chickens just yet — we’ve got one more of these next week, and three weeks thereafter to keep the pressure on. But, right now, it’s looking pretty good, folks.

The Imaginaverick. | Dispatch War Rocket Keating.

Well, that didn’t take long. As Garrett noted in the comments below, an increasingly desperate Sarah Palin is already namedropping Wright and Ayers whereever she can. But the good news is Team Obama isn’t going to take this sort of garbage lying down, particularly from a candidate as compromised on issues of character as John Sidney McCain III. Witness Keating Economics — It’s about time somebody brought that up.

Sinking beneath the Wave.

“‘If you turn the clock back two or two and half weeks, you could make a plausible argument that if a couple of things go our way we will lose three to four Senate races,’ said one Republican strategist. ‘Now we will lose six to eight.’” Reeling from both the economic collapse on Wall St. and the ensuing shenanigans surrounding the bailout — which passed on its second try yesterday, despite continued opposition from a majority of the House GOP — the Republicans prepare to be ousted en masse in a month. “Polling in most Senate races over the past 14 days has shown a five-point decline for the Republican candidate, the strategist said.“

Update: “‘Before the economic crisis, we had a number of races moving our way,’ said Matthew Miller, communications director of the Democratic Senatorial Campaign Committee. ‘But now we’re seeing Republican numbers plummet.’ GOP officials largely agree. ” Is 60 in the Senate now in sight?

Here Come the Dirtmongers.

“‘We’re going to get a little tougher,’ a senior Republican operative said, indicating that a fresh batch of television ads is coming. ‘We’ve got to question this guy’s associations. Very soon. There’s no question that we have to change the subject here,’ said the operative, who was not authorized to discuss strategy and spoke on the condition of anonymity.”

In related news, why just lose when you can lose and forsake your dignity? Confronted by the fact that their guy just isn’t connecting these days, the McCain team gets set to take the low(er) road. (Indeed, their ad buys across the nation are already almost universally negative.) In other words, expect a lot of Jeremiah Wright and William Ayers from now until November.

The Soft Bigotry of Low Expectations.

To be honest, I don’t have all that much to say about last night’s lone vice-presidential debate in St. Louis, as I think the event speaks for itself. The general consensus congealing today is that Joe Biden won the debate, which he obviously did, but that Sarah Palin performed better than expected. Well, I guess she did, given that everyone was pretty much expecting another embarrassing and hard-to-watch Couric-style meltdown. But, remove that exceedingly low bar, and we still find ourselves confronted with a fundamentally unqualified and frighteningly obtuse candidate for the vice-presidency, one who has no business getting anywhere near the Oval Office, let alone only the heartbeat of a 72-year-old cancer survivor away.

Biden was Biden — a bit wonky and/or self-aggrandizing at times, but clearly knowledgable about the issues and cognizant of the struggles that working people in America face, both as a result of the daily vagaries of the Dubya economy and of awful, unforeseen circumstances that can loom at a moment’s notice. (Imho, his emotion-filled nod to the tragedy in his past was a far more authentic moment than any of the “Aw shucks, I’m just a Wasilla hockey mom” patter emanating from Gov. Palin over the course of the evening.) If anything, I think Biden might’ve erred slightly on the side of gallantry, since Palin seemingly held no qualms about regurgitating easily refutable lies (Obama raised taxes on the poor, Obama voted against funding the troops, Biden supports McCain’s Iraq position — all hooey) throughout the evening. But, all in all, BIden definitely did himself and the ticket credit last night, and I expect he helped to solidify further Obama’s lead in the polls among independents.

Sarah Palin, on the other hand, had the immediately recognizable air of the student who fills the air with digressions, non-sequiturs, and the occasional remembered idea in order to deflect attention from the fact that he or she didn’t really do the reading and doesn’t really understand the concepts being discussed. Even with Biden and moderator Gwen Ifill letting Palin slide on all sorts of evasiveness, the Governor often seemed scarily out of her depth whenever anything but energy policy was being discussed. (Her discussion of the Constitution and the vice-presidency was particularly galling.) As Paul Begala noted on CNN during the postgame, we already tried the whole “elevating the average Joe” thing with eight years of Dubya, and it’s turned out to be a miserable failure. And, while excellence may sadly be a rare commodity among our elected officials, I don’t think we the people are asking for too much when we expect basic competence from our leaders. Take away the memories of the Couric implosion, and Gov. Palin still failed to hurdle even that depressingly low threshold last night. Simply put, she wouldn’t be qualified to lead this nation even in the best of times. At it is, she’s a risk we can’t afford to take.

The Lay of the Land | A Moment of Zen.

“‘Obama has many more paths to the nomination than McCain,’ the source said. ‘They think they can defend the Kerry states. Iowa is gone. That’s five votes. New Mexico is in the bag. Then Obama has four or five different ways of winning. He can go Nevada or Colorado, Virginia, any of those, even Indiana. McCain has got to run the board, the whole Bush table.’” According to London’s Telegraph, Team Obama is feeling confident about victory these days. “We’re much stronger on the ground in Virginia and North Carolina than people realise. If we get out the vote this may not be close at all.“

In related news, the McCain camp currently seems lost in the quagmire, particularly after Obama’s post-debate bounce and recent developments on the economic front. “‘What begins to happen is that the margin that’s been in place begins to solidify more and more,’ said Matthew Dowd, who was Bush’s chief strategist in 2004 and is now an independent analyst. ‘There’s only two ways this can go,’ he added. ‘It will either solidify with an Obama four- to five- point lead, or it will loosen and go back to close and go back and forth.’” In other words, another McCain campaign stunt incoming.

Update: I know the EW cover below is apropos of nothing above, really. On the other hand, it is election-related, and I found it laugh-out-loud funny. Hat tips to The Oak and Peasants Under Glass.

Bailout, or we all sink.

“‘Today’s the decision day. I wish it weren’t the case,’ said Rep. Barney Frank (D-Mass.).” Despite the apparent attempt by divider-not-a-uniter John McCain to kill a compromise he hadn’t even read last week, the Dubya White House and Congress hold their respective noses and come to agreement on Paulson’s $700 billion bailout plan, with debate in the House starting today. “The proposed legislation would authorize Treasury Secretary Henry M. Paulson Jr. to initiate what is likely to become the biggest government bailout in U.S. history, allowing him to spend up to $700 billion to relieve faltering banks and other firms of bad assets backed by home mortgages, which are falling into foreclosure at record rates. The plan would give Paulson broad latitude to purchase any assets from any firms at any price and to assemble a team of individuals and institutions to manage them.“

As I said here, I’m not all that happy about the nation having to subsume the risk, and ride to the rescue of, the many banks and Wall Street types that profited massively from these obviously suspect mortgage deals. But, what else is there to do? As with so much else occurring over the past eight years, it befalls us now to clean up the mess left by the free market fundies of late. I just hope we learn something from the economic consequences of this latest binge of free-market fraudulence, before they grow too dire. To wit, whatever the corporate-funded right tells you about self-regulating markets, we need, and will continue to need, real refs on the field.

Update: Uh oh. The bailout compromise dies in the House, prompting the Dow Jones to swiftly tank 700 points. “The measure needs 218 votes for passage. Democrats voted 141 to 94 in favor of the plan, while Republicans voted 65 to 133 against. That left the measure with 206 votes for and 227 against.“

As the TIME article linked above noted before the vote, “the candidate with the most riding on Monday’s vote is McCain, who backed the concerns of conservatives in the House over the initial agreement…[I]f a majority of the House Republicans don’t vote for the measure, McCain could lose political face. ‘If McCain cannot persuade them, it is hard to portray him as a leader,’ said Clyde Wilcox, a political science professor at Georgetown University.” So, that’s the silver lining, I guess. But the bad news now, alas, is considerably worse.