John McCain trails Barack Obama and shows no signs, at the moment anyway, of propelling himself into the lead. Democrats lead in eight Senate seats currently held by Republicans and are close in three others. In the House, Republicans once thought they’d lose only 5 to 10 seats. Now things look worse.

Thanks particularly to the month-long financial crisis, Republicans are in extremely poor shape with the election three weeks away. This means the worst case scenario is now a distinct possibility: a Democrat in the White House, a Democratic Senate with a filibuster-proof majority, and a Democratic House with a bolstered majority.  Full Piece