ACTUALLY, HE'S THE SECOND:

Iceland PM is first global political casualty of the crunch (Sophie Morris, 24 January 2009, Independent)

Iceland's embattled Prime Minister Geir Haarde may have become the first political casualty of the global credit crisis, announcing his resignation yesterday, and clearing the way for elections in May. Illness was the official reason for Mr Haarde's decision to quit, but few in the capital Reykjavik were in any doubt that his departure was linked to a week of intense and violent public protests at once prosperous Iceland's economic implosion.

President McCain was the first. The Palin pick had him coasting to victory until the House GOP obstructed the bailout and exacerbated the credit crunch.

Posted by Orrin Judd at January 23, 2009 8:15 PM