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Monday, October 13, 2008

The Mailer That Put the Final Nail in the McCain Campaign Coffin

Close to 100 million Americans either received mailers last week or will be receiving them next week. It is these mailers that will put the last nail in the coffin of the McCain Pailin campaign.
It wasn't sent by Obama, nor by 527 group, not by any non-profit or even a political organization.
It didn't mention McCain or Pailin, Obama or Biden. Didn't mention taxes or Iraq, Gay Marriage or Abortion or any other campaign hot button topic.
But the personalized mailer is the single envelope that will have caused John McCain and many republican incumbents to lose their seats.
I got one addressed to my youngest son on Thursday, then another addressed to me on Friday.
Then I talked to friends, members of my synagogue, fellow activists at a local fundraiser. Just about everyone had received them. The message was the same for everyone.
The first envelope I received, for my son, was a quarterly mutual fund report -- where we have most of his college savings. The letter reported that since the beginning of the year, the savings were down over 30% -- even though the fund was a "blend" fund.
The next envelope, which I received on Friday, was a quarterly report on my IRA, also down over 30%.
These reports were sent out on September 30th, before the market dropped an additional 19%. I knew the numbers I was looking at were much worse, just ten days later.
Tens of millions of Americans have received their quarterly statements this week for IRAs, mutual funds, 401Ks. They're all getting a mailer that is causing much pain, much stress, acute realization that the economic crisis has hit home.
They're probably still arriving, as I write this, for a few more days. We've seen the result in the polls. The response will grow. The pundits, if they've guessed this is about anything else, are probably wrong.
It's hard to imagine, after eight years of Bush and primarily Republican rule, most Americans not concluding that the GOP and its approach to government and the economy caused their pain, their loss, their fear for the future.
It's hard to imagine McCain's campaign getting anywhere with their desperate gambits -- abortion this week, what, terrorism next week? Or raising taxes? They saved the average family $2,000 or $5,000 in taxes over the past eight years and cost them $35,000 or $200,000 in lost retirement savings or depreciated home value.
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