Last night, Obama gave his convention speech, where he outlined his vision for his candidacy and what he hoped to accomplish. Slate has the entire text here, including some background information on key points; it’s definitely worth a read. Since Obama has historically been an excellent prepared-speech presenter, this was supposed to be a moment that would earn him an abundance of press, bump his poll numbers up, and help him finally put McCain away once and for all.
So, what are we talking about today? Let’s see here…
On Slate, we have… McCain’s VP pick!

CNN? Why, that’s… not Obama on the front! That’s McCain again!

Okay, what about MSNBC, home of Olbermann and Matthews? Surely they think Obama’s speech was headline news, right? Right?

Okay, okay - what about overseas? Surely BBC thinks Obama’s speech is more important than anything else going on in this race…

All right, I know one place that will almost certainly have Obama as front-page headline news: NPR!

That’s right - instead of talking about Obama’s great speech, everybody’s talking about McCain’s choice for Vice-President, one Sarah Palin, Governor of Alaska. By not only choosing Palin, but by announcing her as his VP pick when he did, McCain has done an absolutely outstanding job of shifting the focus away from Obama’s presumed moment of glory and towards his campaign, and, no matter who you’re rooting for, that’s a pretty clever feat of politicking right there.
UPDATE: While we’re at it, let’s also go over how Palin’s pick benefits McCain - she gets Obama talking about experience. In order for McCain to win, he needs to fight on ground of his choosing, not Obama’s. This is why McCain has wanted to debate Obama for months - Obama’s a great preparatory speaker, but not as solid in a debate. Hillary proved that nicely. By throwing Palin out there, he reveals a “weakness” in his campaign - an inexperienced Vice-Presidential candidate that’s just as inexperienced as Obama is. There’s just one catch: There’s no on-the-job training for being President. Being a Vice-President, on the other hand, is nothing but on-the-job training. Yeah, she would also become the President of the Senate, but what are the chances that there are going to be deadlocks that she would need to settle in a predominately Democratic Senate? Nil? Slightly less than nil? So, her job, at least as long as McCain is capable of being President, would involve sitting in meetings, soaking up information from McCain and whatever advisors he chooses to pick, and learning every bit of Washington arcana she will need in order to succeed should she ever need to, well, succeed McCain.
In short, she’s the bait, and Obama is already starting to bite, hook, line, and sinker. Come to think of it, I seem to remember there being another old man in history that had a knack for getting his opponent to fight on ground of his own choosing, too.
ANOTHER UPDATE: Welcome, Instapunditeers! Feel free to look around and enjoy your stay.