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16 October 2008
The third presidential debate was a waste of time
The third and final American presidential debate was a waste of time, no matter what the pundits say. John McCain probably lost the election yesterday not because he did badly in the debate, but because the Dow-Jones tanked 733 points to close at 8,577 on the day.

That is what has killed off his chances; that and an economy that is sliding into a depression that most Americans only know about from stories their grandparents told them. Two years ago a house in Dearborne Heights, Michigan, that sold for $106,000 today cannot find a buyer who will stump up even $4,000, and may be sold for just $2,500. Stories such as this one about a university don who ended up homeless are becoming more and more common, and the last thing that anyone wants to think about is another wasteful exercise in throwing money away that yet another war of aggression would mean. It is one thing to cheer on the American way when you have a full stomach and can pay all your bills, but quite another when that very American system has failed you, your family and everyone around you.

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