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Barack Obama is the president-elect of the United States. Yours truly and some friends watched the returns at the New World Theater in Midtown Manhattan — the name fit the mood.

Tessa Birch, English lass and Obama supporter

Tessa Birch, English lass and Obama supporter

The place was packed and richly diverse. Americans of all races were there, as were foreigners, many of whom told me my vote had extra importance because it was also their vote.

Bakar Wilson, Will Kenton, and John Yi

Bakar Wilson, Will Kenton, and John Yi

When the first good news came it was from Pennsylvania.

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To say the mood was ecstatic is almost an understatement. We all knew we were on the right side of an historical moment: one that will define the truly New American Century. When Barack Obama was officially declared the winner all of New York City erupted.

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When the man spoke he left not a dry eye in the house.

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Even now, sitting at my desk deep in the heart of Brooklyn I can hear cars driving by pumping triumphant hip-hop. We finally have a president who represents an American hope for the 21st century. Let us have a day of rejoicing before the weight of the world falls back on our shoulders.

This guy can't believe Palin's nerve.

This guy can't believe Palin's nerve.

Right now — today, October 5th, 2008 — the world is deciding to quit believing in a brighter future and start hoarding white rice and gasoline. The Dow Jones is down 700 points at the time of this writing, and European shares had their biggest one day drop ever.

If you want to see how bad it can be, check out this web lecture by Chris Martenson. If we contract to pre-bubble levels, we’re looking at Dow 6,000 — and the way things are going today that might not be too far off.

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Alabama Congressman Richard Shelby

Alabama Congressman Richard Shelby

They won’t be able to just admit they were wrong.

They won’t be able to admit that took the idea of a self-regulating free market on faith. Or that a misplaced faith in their intellectual powers was all they ever had. They won’t be able to admit that reality is more complex than their simple, moralistic ideologies can handle. And yet it looks like the Freemarket Fundamentalists might actually score some political points from the financial crisis.

Who is responsible for the credit crisis that is ripping through American and foreign financial markets like a spasms through an epileptic? It’s like asking who is responsible for the torture at Gitmo or Abu Ghraib. If you’re still one of the faithful, it was all the work of a few bad apples and not a massive systemic failure that is bound to happen cyclicly until the end of time — or until real reforms are implemented. But conservatives don’t believe in reform. They believe in human nature. They believe the eschaton is coming. They know Evil will be with us until it’s final, apocalyptic showdown with Good.

In the meantime, Democrats only got about 55% of their due political realigment out of this once-in-a-lifetime political opportunity.

get the rest here…

The only thing Obama and Biden should talk about is the culture of corruption that is endemic to conservative politics.

Thass right y’all, you heard me say it. People who voluntarily call themselves “conservative” are lowlife scum looking to get one over on tax payers. Earl E. Devaney sez so. (OK. Technically he says that Bush appointees to the Department of the Interior are lowlife scum who use your money to buy cocaine and whores. But come on. We all know that if a thorough investigation of the entire executive branch was conducted no one would get out of jail free.)

This means you Don Rumsfeld and Dick Cheney.

Are you listening Mr. Democratic strategist?

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