The Fed's intervention in the economy appears to have saved us from 1930s-type crisis for now. But don't cork up that bathtub gin just yet. You'll probably need a few healthy swigs now that the dust is settling and the candidates' lack of substance is exposed. So, drink up! Today's buzz: McCain is digging himself into a hole and Obama is jumping in after him.
- McCain's cheerless, on-message performances is evidence of a retooled version of the presidential candidate and an effort by his team, Adam Nagourney writes in the NYT with a sense of nostalgia for the old maverick. Take-away: "McCain's once easy-going if irreverent campaign presence ... has been put out to pasture."
- McCain is getting a raw deal. The Washington Post editorializes today that Obama is giving some of McCain's remarks misleading spin. Take-away: "[T]he full quotation from Mr. McCain's March interview with the Journal's editorial board belies Mr. Obama's one-sided rendition."
- Out with the shock-appeal, in with the substance. It appears that the "Palin effect" is over and the initial boost in polls was simply a knee-jerk reaction, writes the Telegraph. Take-away: "After an initial burst of support among white women the shock choice for Republican vice-presidential nominee... has not so far attracted new women voters in significant numbers."
- As the Obama climbed in the polls amid the financial crisis many felt he should have cranked up the heat instead of waiting for the GOP to self-destruct, writes Howard Fineman in Newsweek. Take-away: "In politics as in baseball, fans -- voters -- focus on what happens in the ninth inning, not the first."
- It's no secret that both candidates lack deep knowledge of economics. But just who are Obama's and McCain's respective economic advisers? USA Today takes a look at the teams behind the candidates.