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	<title>LooseKannon.com &#187; mass psychology</title>
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		<title>The Morning After</title>
		<link>http://loosekannon.com/the-morning-after/</link>
		<comments>http://loosekannon.com/the-morning-after/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 11:38:01 +0000</pubDate>
		<dc:creator>LK</dc:creator>
				<category><![CDATA[Personal]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Psychology]]></category>
		<category><![CDATA[The Economy]]></category>
		<category><![CDATA[The Economy and Markets]]></category>
		<category><![CDATA[The Press]]></category>
		<category><![CDATA[Casparov]]></category>
		<category><![CDATA[Extraordinary Popular Delusions and the Madness of Crowds]]></category>
		<category><![CDATA[Judd Gregg]]></category>
		<category><![CDATA[mass psychology]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Pelosi]]></category>

		<guid isPermaLink="false">http://loosekannon.com/?p=600</guid>
		<description><![CDATA[editor&#8217;s note: please see &#8220;Pelosi&#8217;s Panic&#8221; for continuity, and check out the poll below to blow off some steam by playing the blame game.

From Bloomberg.com:
Judd Gregg, the Senate Banking  Committee&#8217;s ranking Republican, and Barack Obama, the Democratic presidential  candidate, said a deal would eventually pass. Obama called for calm after the  House [...]]]></description>
			<content:encoded><![CDATA[<p><em>editor&#8217;s note: please see &#8220;<a href="http://loosekannon.com/?p=578">Pelosi&#8217;s Panic</a>&#8221; for continuity, and check out the poll below to blow off some steam by playing the blame game.<br />
</em></p>
<p><strong>From Bloomberg.com:</strong></p>
<p><em><span><a title="http://search.bloomberg.com/search?q=Judd Gregg&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1" href="http://search.bloomberg.com/search?q=Judd%0AGregg&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1"><strong>Judd Gregg</strong></a><strong>, the Senate Banking  Committee&#8217;s ranking Republican, and Barack Obama, the Democratic presidential  candidate, said a deal would eventually pass. Obama called for calm after the  House vote, saying the plan &#8220;will get done.&#8221; Republican John McCain urged  lawmakers to &#8220;go back to the drawing board&#8221;.</strong></span></em></p>
<p><strong>From the above, Obama looks like the candidate who can cross party lines and reach a consensus in a measured, calming way.  This ability to calm the waters is critical during crises like this, as mass psychology is a major factor in times of economic turmoil.  Sometimes a bigger factor than economics itself.  Take a look at the classic <a href="http://www.amazon.com/Extraordinary-Popular-Delusions-Madness-Crowds/dp/051788433X">&#8220;Extraordinary Popular Delusions and the Madness of Crowds&#8221;</a>.<br />
</strong></p>
<p><strong>McCain used alarmist language.  Advantage O. </strong></p>
<p><strong>The Dems need to look a couple of steps ahead and should hire Gary Kasparov as a consultant to help them plan their moves.  Yesterday they were outmaneuvered and Speaker Pelosi proved that the job was over her pay grade.</strong></p>
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