The financial crisis is far from over. After a steep global sell off and the closing of markets in Russia and Brazil, the bailout has proved to be little more than an illusion. A very costly one. But it won’t keep the sky from falling. Nor will it do anything for distressed homeowners. According to Sarah Ludwig, foreclosures are continuing to spike and we may not even be half way through this crisis. Such is the backdrop for tonight’s debate in Nashville. But you wouldn’t know it listening to the McCain/Palin campaign’s new line of attack. 

Here to discuss the GOP’s strategy and whether Obama is playing tough enough are Katrina Vanden Heuvel, editor and publisher of The Nation Magazine, Sarah Ludwig, co-director of the Neighborhood Economic Development Advocacy Project (NEDAP), and Alexis McGill, Strategist and Coordinator of the 2004 ‘Vote or Die!’ campaign.

Dana Milbank, on the new McCain strategy writes in the Washington Post that, “Palin’s routine attacks on the media have begun to spill into ugliness."

There are certainly echoes of Lee Atwater in the McCain/Palin attempt to salvage their campaign. Atwater was a mentor to Karl Rove and forever changed the face of politics. In fact, he wrote the Republican Party’s playbook that the McCain campaign is using.

On GRITtv we speak to Stefan Forbes, producer and director of a new documentary film on Atwater, Boogie Man: The Lee Atwater Story. To find out more about the film and where you can see it visit his Web site.

We also have a video report from the American News Project on home foreclosures, which have reached far and wide enough to affect some of the nation’s wealthiest communities, such as Greenwich, CT. Finally, what’s the Best and Worst thing about America? All that and more on GRITtv. 

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