Seems like something that could be confirmed or denied reasonably quickly by someone with a good knowledge of the State’s finances. I’m not that person. A writer to the Bilerico Project:

I have been told by high level Republicans in Indianapolis that the Daniels Administration took the Major Moves Funds, PERF, & Teachers Retirement Fund and combined those funds (billions of dollars together) and then invested them into the stock market. Word is that they have lost enormous value in the recent market ‘correction’ or as we call it in Southern Indiana (where we shoot straight and tell it like it is) the market ‘crash’.

The Republicans are very apparently and justifiably scared to death that this will get out, and with good reason. In their words, ‘If this is true, then this election is over and we’ll be lucky to win dog catcher at the polls this year.’

Update Just to be clear, even if the answer is that Indiana’s funds are taking a bath in the market, the next question is obviously to ask whether such investment was somehow less conservative than it ought to have been because of decisions made by the Daniels administration. Only if both questions are answered in the affirmative does this potentially become a significant political liability.

Apparently Sarah Palin is going around lying about Barack Obama, saying he’s “palling around with terrorists.” We’ve learned from campaigns past, that this sort of thing can’t be allowed to pass. So, if McCain is going to throw mud at Obama for being on a board with a guy who was a 60s radical while Obama was a kid; anything equal to or more significant to that is presumably fair game for McCain.

Obama is hitting back with an association of McCain’s that is both a whole lot closer and more relevant to the events of today. Keating Economics will apparently explore McCain’s association with Charles Keating, Jr. in the 80s and 90s. Keating was peddling influence in the Senate to get Senators to apply pressure to federal regulators to look the other way as he was running the Lincoln Savings & Loan into the ground during Savings & Loans crisis, requiring a bailout. Hmm, banks going after loose regulation requiring a bailout. Sounds familiar somehow.

So, in response to McCain’s kitchen sink attempts at smearing Obama and attempting to get people’s minds off the economy, Obama’s going to tag McCain with an association of his own that’s significant and topical. “They pull a knife, you pull a gun. He sends one of yours to the hospital, you send one of his to the morgue. *That’s* the *Chicago* way!”

Now, I wonder if McCain has any interest in discussing the issues at hand today and how he plans to fix them and attempting to present an argument as to why his way is better. If not, maybe we could descend into the muck and discuss McCain’s association with Watergate felon and political murder conspirator, G. Gordon Liddy. Maybe traitorous associations of Sarah Palin’s husband who belonged to a political party that wanted Alaska to secede from the Union. And, I’ll bet that McCain has sat on all kinds of boards and spoken to all kinds of people during his decades in Washington.

Or, maybe this is a silly game after all, and we ought not play. But, there is kind of a prisoner’s dilemma going on. Everyone does the right thing, and everyone wins. One person does the right thing and one person does the wrong thing; and the guy who does the wrong thing wins. Both people do the wrong thing, and everyone loses equally. So, the rational thing to do is to act nicely, then if the other guy acts wrongly; you bonk him on the head and act wrongly yourself until he acts nice. Then you resume. Sen. McCain, this is your bonk on the head.

Wow, the Texans just choked that one away. They had the game won with a 17 point lead with like 4 minutes left to go. The Colts drove and cut the lead to 10. They tried an onside kick that failed.

But then, instead of just being happy running down the clock, the Texan’s QB, Rosenfels, decided to go for a heroic run with 3:50 left on the clock only to fumble, allowing Gary Brackett to run the fumble back for a touchdown.

Then on the next possession, the Rosenfels got the ball stripped with 2:42 left, and the Colts scored again.

It was something like 21 points in 2.5 minutes. Reminds me of that Tampa Bay game a few years back.

I don’t know how it will play at the ballot box, but my sense is that people are deeply pissed about the bailout. Over the past couple of days, I have overheard 3 or 4 random conversations about the bailout and, on each occasion, the people were discussing it in ominous tones. I think it has put the electorate in a nasty mood; though I don’t know precisely how this level of emotion will express itself.

I watched a chunk of Meet the Press for the first time since Russert died. I wasn’t a big fan of his, but Brokaw is worse. The round table I watched consisted of conservative speech writer and columnist Peggy Noonan who got the lion’s share of the air time along with a supporting cast of PBS broadcaster Gwen Ifill, NBC broadcaster David Gregory, and Des Moines Register journalist David Yepsen. Noonan annoys the crap out of me — I always feel like she’s smugly telling me to clean my room.

Just thought I’d share this insightful review.

Actually, the bit between Republican strategist Mike Murphy and Democratic strategist Paul Begala wasn’t bad. Murphy “broke character” and, while he supported McCain, acknowledged that McCain wasn’t the second coming and Obama wasn’t the antiChrist. (I’m paraphrasing.) That enhanced his credibility for me to some degree. Begala is kind of a putz.

Bright House cable customers won’t be able to watch the Colts game because it’s squabbling with WISH-TV (channel 8). But, hey, they’ll be able to listen to the radio broadcast over their television.

The CBS affiliate’s blackout on Bright House occurred early Friday and affects about 125,000 Hoosier households, including parts of Indianapolis and nearby communities.

Probably the last reminder I’ll post here, but if you want to vote in the November election — and if you don’t have something to vote for (or against) in this one, I’m not sure you ever will, and you might just want to give your citizenship to someone who gives a damn — then the deadline to register is Monday, October 6.

Verify your existing voter registration here. More information here.

Or, don’t vote:

A word coined by Milton Smith in the 50s.

Multiloquence characterized by consummate interfusion of circumlocution or periphrasis, inscrutability, and other familiar manifestations of abstruse expatiation commonly utilized for promulgations implementing Procrustean determinations by governmental bodies.

Some mornings, I’ve got nothing. This is one of them. It’s cold and dark this morning, so just pretend I wrote an inspired rant about how inappropriate Eastern Daylight Time is for our part of the country during this part of the year.

Also, folks don’t trust the government to tell us the truth or to act ably on our behalf; which is a huge reason this whole bailout business is so difficult. Making the rounds is what purports to be an analysis of a closed-door conference call with Treasury suggesting that the bailout will tend to fleece the taxpayers for the benefit of the big investors.

The Vice-Presidential debate is tonight. Whatever happens, I don’t expect it will amount to much in the big scheme of things. The ones I can remember have all been side shows:
1988 – Dan Quayle is no Jack Kennedy.
1992 – Adm. Stockdale “PING PONG MATCH”
1996 – No idea
2000 – Lieberman lets Cheney lie about not profiting from government jobs.
2004 – Edwards notes Cheney’s daughter is gay.
2008 – ???

Governor polls are all over the map. Daniels is up by 15. No, he’s only up by 1! On cold, dark mornings like this one, I want DST-Daniels to lose, but it’s hard to put a lot of faith in those polls. But, who knows. Daniels has done some unpopular stuff and has generally behaved in a Napoleonic fashion when advancing his agenda. Maybe folks have memories that stretch back more than a year. I’m not going to count on it, but it’s possible.

O.k., so I had more to say this morning than I though. But, by all means, please consider this an open thread.