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Political science teaches us that, historically, the first U.S. Presidential debate is the most important debate during the presidential campaign, mainly because it's the most-watched debate of the three presidential debates and one vice presidential debate.

That would have been the case this year, as well, given the closeness of the race, and the increase in political interest/participation by American citizens in several segments of the electorate this election cycle.

Financial crisis alters debate backdrop

However, the debates have been displaced in importance by the crisis facing the financial system and the U.S. Congress' and President's efforts to reach an agreement on a plan that will end the crisis and shore-up severely-stressed credit, bond, stock, and currency markets.

The upcoming debate now looks like a side-show, a momentary diversion, before the nation returns to the work of trying to avoid a re-emergence of the barter system in two thousand and eight, Anno Domini.

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U.S. Presidential Debate 1: Once focal point, now side-show in 2008 campaign thanks to financial crisis originally appeared on BloggingStocks on Fri, 26 Sep 2008 15:53:00 EST. Please see our terms for use of feeds.

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