The week started with a record – Barack Obama collected 150 million dollars in September – and a new tune from the McCain/Palin campaign: their democrat rival is really a “socialist”.

VP candidates caused problems on both tickets. Joe Biden had a “Joe the senator” moment on Tuesday, when he spoke with what the democrats decided to call “flourish” about the international test the new president would be put through within six months of entering the White House.

Sarah Palin showed that her “maverick” temperament could occasionally mean she’d publicly disagree with the decisions of the top of the ticket. It appeared she is the main reason republicans and independents are deserting John McCain. She gave those worriers more to worry about when it became clear she had no idea what the job description of the vice-president is. It also turned out that the reformer had had Alaskans taxpayer foot the bill for her children’s travels, and that the RNC had spent 150 000 dollars making her look good.

On Wednesday night, the “Daily Show” did the journalists work, and unearthed a clip of John McCain, in 2000, arguing about the value and the fairness of a progressive income tax, and explaining to a student that it had nothing to do with socialism. At the time, he was campaigning against George Bush’s tax cut proposals.

In the midst of this week when Barack Obama seemed to firm his lead, John McCain and Sarah Palin gave a duet interview to NBC. Little news was made, except for the fact that the candidates looked awkward together, and that Sarah Palin changed her mind: she’s not a feminist, after all. She does not like labels, she says (except of course when it comes to labeling Barack Obama a “socialist”, or his “pal” Billy Ayers a “terrorist”).

On Friday, hours before her deposition in the administrative inquiry regarding the “troopergate”, Sarah Palin gave her first (and last?) policy speech – about children with special needs. Barack Obama had taken time off to visit his ailing grandmother, the woman who help raise him when he came back to Hawaï at age 10, and his last living relative. What was very obviously an hoax (except for those inclined to believe in big black bogeyman attacking defenseless little white McCain volunteers and carving backward letters in their face) was confirmed to be so.

John McCain concluded the week with an appearance at “Meet the Press”, on the 41st anniversary of his capture in Hanoï. He tried to demonstrate that he is not a prisoner to George Bush’s policies, but the republican rebel he once had been. The papers, at the same time, have already started dissecting the failures of his campaign, while conservative bicker amongst themselves.

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In the French media:

Dominique Nora, who blogs for the NouvelObs, got a dose of guilt-by-marketing that she took in stride – an email campaign to make sure to “get out the vote”: here.

In the midst of the current crisis, Le Figaro talks to the French ex wonder boy Jean-Marie Messier, nicknamed “J6M” (a riff on his “J2M”, turned into “Jean-Marie Messier moi-même maître du monde”, Jean-Marie Messier myself master of the world) who, after his downfall at Vivendi Universal was given a second chance in New York – where else? He does not say much except to preach “moderation”: here.

This was the week of the last debate, when John McCain asserted that “the very fabric of democracy” was put in danger by ACORN’s less than perfect efforts to register new voters and hoisted “Joe the Plumber” to national fame.

On Monday, Barack Obama started the week with a 10 point advantage in the polls. “Right where we want him“, said John McCain. Oh, really?

On Tuesday, John McCain retooled his economic message, and introduced the country to Joe the Plumber and attacked Barack Obama for talking of “spreading the wealth”. The republican candidate also gave new emphasis to his guilt-by-associations attacks on Barack Obama, and insisted that a massive electoral fraud was about to be perpetrated by ACORN.

On Wednesday, John McCain had his best debate performance ever, but that was still not enough to close the gap. Reluctant to give the victory to Barack Obama as the polls had, he declared: “Joe the Plumber is the winner”.

The next day, of course, we learned that Joe the Plumber was neither a Joe nor a plumber, and that he was a republican voter. We also learned that his last name was misspelled on his electoral registration – which added a dose of irony to the Ohio republican party’s legal proceedings regarding the 200 000 names of local voters that did not seem to match the public database.

On Friday, the Supreme Court sided with the Ohio secretary of State in charge of elections, a democrat. The federal appeals court was not competent in the matter; its order was void. However, that same day, the information was leaked that the FBI had followed up on the request by several republican member of Congress to open an investigation on ACORN.

On Saturday, a lawyer for the Obama campaign also wrote Attorney General Mukasey – this time to ask that these maneuvers by the RNC be examined, and added to the task of the independent prosecutor currently looking into possible indictments after the firing of US prosecutors by the Bush administration.

On Sunday, Colin Powell made the most complete case for his choice to vote for Barack Obama… and a total indictment of John McCain: “unsure” on the economical crisis, with questionable judgment as he selected Sarah Palin “incompetent to be President” as his running mate. The centrist republican hits every note that might resonate with independent undecided voters: his anxiety regarding appointments to the Supreme Court, the tone and the divisiveness of the republican campaign. He denounced in particular the vitriolic “robocalls” that the McCain/Palin campaign had launched in swing States.

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READ THIS WEEK (a little extra from the French viewpoints):

President Sarkozy’s visit to Camp David (with the president of the European commission) gets more play in the French press, obviously, than it does in the US. The financial summit to be organized in November, after the American presidential election, will be the ultimate lame-duck experience for President Bush, a fact not entirely lost on the vocal Europeans.

The internal investigation of Dominique Strauss-Kahn’s conduct at the IMF (revealed by the always zealous Wall Street Journal, when it comes to such matters) also gets a different play – if only because the notion of private and public life are markedly different in each country… or should I write “were different”, considering the increased “pipolisation” – as in “people-ization” of French politics by Ségolène Royal and Nicolas Sarkozy? In this case, DSK’s wife is famous in her own right. She’s a well-known journalist; she writes a blog on which she thanked those who sent her sympathetic messages and assured them that, as far as she and her husband is concerned, this brief incident is already in the past. She hopes for swift conclusions from the investigation, a desire that can only be shared by the many that think that, in the midst of the most consequential economical crisis in recent history, the IMF has more pressing issues to consider.

So this was the worst week for Wall Street. It was also the worst week on the campaign trail.

As the Dow plunged on Monday, John McCain and Sarah Palin unveiled what would become the theme of their week: a series of attacks wrapped in one overarching question, “Who is Barack Obama?”

Barack Obama is the man who kept moving up in the polls, in spite of attack ads, of McCain supporters calling him “Barack Hussein Obama”, and of an effort to link him to a “terrorist”.

The debate, Wednesday night, was devoid of any trace of that theme. Six million questions had been submitted. Yet, that second debate mostly reprised the first encounter, albeit in front of a bigger audience.  John McCain haphazardly announced a new plan to buy off 300 billion dollars worth of bad mortgage but, essentially, no news was made. Barack Obama “won” the night merely by appearing steady and articulate.

The next day, John McCain gave more details about his mortgage plan; he was greeted with criticism from the left (Obama’s claim that it would mostly help the financial firms responsible for the mess) and the right (another massive bailout that would push the country towards “socialist” policies).

The campaign took off again on two separate tracks: McCain/Palin questioning “who is Barack Obama” and insisting that he is “too risky”; Obama/Biden questioning McCain’s “erratic” performance and his ability to reverse the economy’s down trend.

At the end of the week, it became apparent that McCain’s effort to link Barack Obama to Bill Ayers was not producing any noticeable results in the polls. It was producing plenty of anger, though, and John McCain could not ignore it any longer when it spilled into questions posed directly in his “town hall” meetings. He tried to tone down his supporter’s rage, with variable degrees of success.

Friday, as the week was about to close with some of the worst economic data ever, George Bush addressed the nation. No news, no point, no effect. The other news, on Friday, was the evening release of the report on the “troopergate” affair. Sarah Palin, according to the bipartisan investigation’s conclusions, abused her power and violated Alaska ethics laws. It seems that in this instance she ran the government as a family business (Todd Palin helping) to solve a family issue (the on-going feud with the governor’s sister ex husband).

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READ THIS WEEK (a little extra from the French viewpoints)

In other news, this was the week the Nobel for literature was attributed – not to an American, everyone had been right in predicting that, but to a French writer who is also a resident of New Mexico. An article in “Le Monde” explores how JMG Le Clézion is “misunderstood” in the United States, creating discomfort for the way he’s perceived both as a nomad and an “exotic-ist”. here. I was lamenting, in passing, the lack of translations of contemporary novels on the American market; once again, “Le Monde” gives the sad details – 3% only of all novels published in the United States are foreign literature. Complete article here.

And since there was so much news about “domestic terrorist” this week, I can not resist this little piece in “Libération”, about the visit Carla Bruni-Sarkozy paid to Marina Petrella. Once a member of the Brigade Rosse, a radical violent group in the seventies, Marina Petrella had lived peacefully in France, granted the asylum president Mitterrand offered all those who would lay down their arms. Italy’s current government wanted Marina Petrella extradited so that she could serve a life sentence for murder. She went on a hunger strike. The First Lady of France was bearing a message from her husband: the extradition request has been denied. The story: here.

In other “domestic terrorist news”, Jean-Marc Rouillan (of “Action Directe”, a French revolutionary armed movement) was sent back to jail after he failed to publicly “regret” the 1986 assassination of George Besse, the former CEO of Renault, when talking to the French weekly “L’Express”. The facts, here. That gives Mathieu Lindon an opportunity for a nice little riff on the general hypocrisy of the “regrets” protocole. Full text here.

This was bailout week, with only a bit of light entertainment: the vice-presidential debate, Thursday night.

On Monday, the bailout was re-branded the “buy-in”. It had inflated from 3 to 110 pages. Nobody seemed to like the plan, yet the leadership of the House (as well as both presidential candidates and the Bush administration) thought it would pass. John McCain was so hopeful that he took credit for it Monday morning.

Then it all crashed. The plan was voted down. The blame game started quickly, with republicans pointing to the House Speaker’s partisan speech. Barney Frank, chairman of the Finance Committee, fired back: republicans were refusing to rescue the nation’s economy “because their feelings were hurt?” At the end of the day, the markets had sunk with historical velocity. 12 missing votes translated to 777 points vanishing from the Dow. Barack Obama pleaded for calm; John McCain blamed the day’s fiasco on Barack Obama… for blaming him.

Tuesday, George Bush appealed to the nation: the situation is grave. Talks would be on-going between his administration and Congress.

Wednesday, both presidential candidates toned down their rhetoric. It also became quickly apparent that Barack Obama was benefiting from the crisis. The economy has become the paramount worry amongst Americans, and, on that issue, they trust him more than they do John McCain. The first elements of a new version of the plan started to emerge. A vote was scheduled Thursday evening. Both candidates told their supporters why they would support this bitter pill of a bill, and talked about restoring the national economy – acting “for you”, in McCain’s case; “with you”, in Obama’s case. Briefly back in Washington, both senators (and Obama’s running mate, Joe Biden) approved the plan that passed the Senate 75 votes to 24. By now, it was a 450 page document, loaded with an extra 150 billions dose of sweeteners.

Thursday, as the House came back to work, the attention shifted to the vice-presidential debate. The usual expectations game was played; some conservative attacked the referee, the debate’s host Gwenn Ifill. They just discovered she was writing a book about the new African-American leaders “in the age of Obama”. The debate turned into an exercise in parallel reality in which a somewhat restrained Joe Biden answered the moderator’s questions while a petulant Sarah Palin decided to cheerfully ignore them. In the end, the public liked Sarah Palin’s TV-friendly performance but trusted Joe Biden much more to be “a heartbeat away from the presidency”.

Friday, the House passed the economic rescue plan, and George Bush signed it immediately. The markets were not as exuberant as one might have thought. Another number casts a dark pall on the national economy: 159 000 jobs lost in September, bringing the total after 9 months of consistently bad news to 750 000 jobs lost since the beginning of the year. The approval trend for John McCain kept edging lower as Americans worried about their future.

By the weekend, with polls indicating a steady improvement for Barack Obama, the McCain team had already given up in the battleground state of Michigan. That retreat was not to be confused with a lack of fighting spirit; the republican candidate had declared he would “take off the gloves” (not that anyone noticed that he was being particularly delicate). Sarah Palin made good on his promise. She accused Barack Obama of “palling with terrorists”, a clear distortion of the examination of the future senator’s real but tenuous relation with William Ayers, a Weatherman in the sixties, now a University of Illinois professor.

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READ THIS WEEK: (a little extra from the French viewpoints)

1. Obama’s planned negociations with Russia? Vincent Jauvert, on his blog, speculates on the possibility of the US and Russia concluding an arms reduction and arms control agreement in 2009. He quotes a Russian affairs adviser to the Obama campaign, on his way to Moscow.

2. What’s the impact of the financial crisis on Hollywood? Françoise Benhamou weighs the dangers of the current financial crisis for the American movie industry (finding financing on their domestic market was already challenging; it will be worse) and the potential effect of the $ 470 million dollars sweetener inserted in the final version of the Paulson plan (it will support “small” productions and help preserve local employment).