How Lehman Collapse Elected Obama
In reality, the cause of the Obama victory is neither McCain or Palin. The cause is instead the acute financial crisis that began in mid-September after the collapse of Lehman Brothers and the sharp economic slump this triggered. While the Republicans really weren't more responsible for this than the Democrats (Republican presidents Reagan and Bush Sr. and Jr. did nominate Alan Greenspan, but so did Democrat Bill Clinton) and Obama's solutions sure weren't any better than McCain's (quite to the contrary), but since normal people don't understand these things very well and instead instictively blame the incumbent party, McCain lost a lot of voters to Obama because of this. Remember, before the Lehman collapse, McCain actually held a lead in the polls, so it is likely that had the Lehman collapse occurred just two months later, Obama would have lost.