I found it amusing when people jumped in the futures market because they thought they could get rich on crude oil. Of course experienced futures traders were short selling. A lot of people went broke when their $145/barrel oil dropped under $100.
My point was that in an election cycle when people are unhappy with the current regime, good news gets the back burner. When everyone, including Bush's own party, wants change, no one wants to hear that things are getting even a little better. I don't have a problem with this, it's sound selection of stories to run. News outlets need ratings. I'm just glad that we can start hearing positive news early next year. Maybe the negative will slow down.
I personally think nearly all career politicians are crooks. Any idealists who make it to office generally either get corrupted or thrown under the bus by their own party.
Well, gas prices really did their falling when we were in the middle of a Credit Crunch, which is a much bigger story than gas prices dropping. The Dow was in the middle of losing 20% of it's value in a month. Global markets were in meltdown. Gas prices rising over the summer were a big story because there was a lot of oxygen in the news — the campaign was stable and the markets were fairly stable, and gas prices were rising a lot higher than anyone had ever paid for them, even adjusting for inflation — it was literally new(s). Them dropping is a story, but it's not as big of one, especially in the midst of such a huge crisis.
And yes, the crisis mainly hit Wall Street and not quote unquote "Main Street", whose quotidian existence is more effected by gas prices, but a lot of people saw their 401k's nosedive. Lower gas prices were a smaller story in the same way that a murder is a smaller story when the building next door collapses and kills a few hundred people.
Now, I'm not saying all news outlets operate on a great set of journalistic ethics — most local TV news stations are pretty bad (Puppies! Household Item Could Kill You(?)! Kids These Days Are Out Of Control!), but they were right to prioritize the crisis over lower gas prices.