This morning, the Commission on Presidential Debates and MySpace are announcing "MyDebates.org,," a "landmark partnership" that they claim "will do for the debates what TV did in 1960 for the Nixon Kennedy election." Their joint press release says this new site "will offer a host of interactive tools for viewers to virally engage in the political process." The release notes that "marks the first time that the CPD has paired with an Internet property to include online functionality into the event series and traditional debate format." Unfortunately, the CPD's landmark is little more than a shack. At best.

I'll be going live to the web from time-to-time during the next two-and-a-half days as Twitter (my handle is @mlsif), and every time I'm actually streaming live, Qik--the fabulous live video streaming service we're using--will send a tweet letting you know.

Are we going down the tubes, or can we use the tubes to save us from ourselves? When I'm not distracted by the latest news, that's what I'm trying to think about these days. Here are some unfinished thoughts on the topic...

Monday afternoon, I happened to turn the TV on just as the House of Representatives was voting on the $700 billion Bush-Paulson-Pelosi bailout bill. Watching the split-screen coverage of traders on the floor of the U.S. Stock Exchange as they stared, transfixed, waiting to see if the public, through its representatives in Washington, was going to save their skins, was exhilarating. And then, when the bill went down to defeat, and the market went back to plunging, I was thrilled.

Here's why: I'm tired of living in a de facto plutocracy. I also believe we are on the verge of a revolution in participation in government, powered by new technology that is making it possible for many more of us to connect together and have a meaningful voice in the process. The bailout bill, and the process by which it is being jammed through Congress, is an affront to those democratic values. We can do better. And the vote Monday showed, in nascent form, how the same forces that are eating away at the underpinnings of "broadcast politics," the capital-intensive way of electing a President whose demise we've been chronicling here at techPresident, are also starting to unsettle "business as usual" on Capitol Hill.

Joi Ito's Hecklebot is going global tonight. That is, assuming Twitter doesn't crash. And if Twitter holds up under the traffic of most of its estimated three million users all chattering at once, we're all going to be participating in the birth of something new. You can call it the Global Brain or the Hive Mind, but the Machine that is Us/Using Us (to use Michael Wesch's brilliant phrase) is going up a level tonight, and media and democracy in America will never be the same.

Ever wanted to be able to show someone exactly how a "meme" moves across the web in real-time? Anthony Hamelle of Linkfluence has posted a video doing exactly that. He zeroes in on two political videos that made a big splash at the height of summer: the McCain campaign's successful viral attack on Barack Obama as a "Celeb," which compared him to Paris Hilton and Britney Spears in the wake of his European tour and scored well over a million views; and Paris Hilton's snarky response, which ultimately overtook McCain with something over three million views.

If the world could vote in the U.S. election, who would win? The Economist magazine has come up with an intriguing way for its readers worldwide to join in, by creating a "Global Electoral College" that assigns votes to each country based on its population size. As of now, more than 11,000 people have voted and as you can see from the graphic below, Obama is crushing McCain, which is somewhat surprising given the somewhat conservative bent of Economist readers, who are quite upscale.

I'm pleased to have played a small part in helping our friends at the Sunlight Foundation pull togetherthis nifty piece of 3-D (Dynamic, Data-Driven) journalism on the Wall Street bailout: a Google Motion Chart built on top of data from the nonpartisan, invaluable Center for Responsive Politics that lets you see just how big the big money from FIRE (Finance, Insurance and Real Estate) has grown in the last 20 years, and who gets it. Trust me, this is cool.

Two current examples of how bloggers are not just commenting on the political news of the day, but actually making it: Al Giordano and Bill Conroy of NarcoNews broke the Sarah Palin tanning bed story, and Eartha Jane Melzer of the Michigan Messenger broke the story of plans by the state GOP to disenfranchise voters whose homes have been foreclosed.

Liveblogging the DNC; sleuthing out McCain's VP pick; Sarah Palin will make these bloggers happy; Get your ObamaTaxCut.com; McCain's classy and messy moves; Obama's text-messaging machine revs up.