There has been much hubub about Arlen Specter’s switch to the democrats, saying they’re losing the “Moderate” wing. My theory: The GOP’s primary impediment is not ideological, it’s biological. They’re stuck with their corrupt deadwood, made even more rotted by their brief period in control of the legislative and executive branch. They have no credible voice on the current spending orgy because they haven’t been in the credibility business in any form for quite some time.
By getting rid of the old guard (albeit not intentionally) they would seem to be solving the problem.
I hold my nose, club my conscience, and smother my scruples and voted for Chambliss today. Barr’s suggestion was important to me, enough to get me over my outrage at his campaign literature mentioning “Fiscal Responsibility”.
Incidentally my polling place was deserted, which points to a substantial win for Chambliss.
I’ll have the list I’m thankful for later, but here’s one that is obviously not in that category.
Federal deficit could hit $1 trillion this year
One Trillion Dollars!!!
I’ve gotten three robocalls today; why would that make anyone favorably disposed to a candidate?
Many people have mentioned that Palin has benefited from being an attractive woman, and Obama has benefited from being black. One thing that has not been mentioned is that Obama is a good looking black guy. If he were eight inches shorter, 80 pounds heavier, and sweated a lot, would anyone even remember him at this point, or would he be hanging out with Richardson on the short list for Secretary of State?
Since these have been piling up in Firefox, here’s what I’ve been reading
- Obama and the Born-Alive issue – ghoulish stuff. The controversy of abortion is where one draws the line on person vs potential person. Even the most ardent pro-choicers seem to draw it at birth, but it seems not everyone does.
- Via Will Wilkerson
Obama terrifies me: an intelligent, thoughtful, well-prepared, capably extemporaneous man ascribing a future holocaust to some sort of non-existent, fantastical, steroidal Iran; talking about unsanctioned cross-border incursions into Pakistan because we found bin Laden, or some such, and must “take him out”; warbling around about “main street” while, in a lawerly, circumlocutory way signaling that he’s ultimately going to get behind hundred-billion-dollar cash bailouts to institutions that ought to be dismantled, destroyed, scattered to the wind. He wants GM to make electric cars. He wants the American people to know that he will appear before them to make extravagant xenophobic declarations in order to assuage their insecurity about the rise of other competing economies. He does this all in a calm, perfectly reasonable manner, with a convincing boardroom demeanor, and judging by the reactions of my liberal friends, with whom I listened, this was basically pleasing to them.
McCain is of course out of his mind: forgetful, vicious, reactionary. And his ideas are even crazier than BO’s, but there’s a certain comfort in the fact that their insanity is laid so plainly and mercilessly bare by the grinning psychopath’s delivery. He provides no quarter for those who want to convince themselves that by Killing People for Their Own Good we are not actually killing them, or that by suborning corporate malfeasance we are combating it, or that by desperately seeking to maintain the geography of radial sprawl and the automobile we are seeking “energy independence.”
I’ve had the thought lately regarding McCain, Bush, and bailouts – if we’re going to have corporate socialism shouldn’t we have a Democrat do it? At least they don’t have the supposed association with the free market that Republicans do.
- David Friedman on the bailout
The failure of a firm doesn’t wipe out wealth, except to the extent that the firm itself—its firm culture, web of relationships and such—has some value. When a firm fails, that is at least some evidence that that value was negative, which is why nobody chose to buy out the firm and keep it going. The ordinary assets of the firm—its buildings, land, stocks, bonds, mortgages, and whatever it owns—don’t vanish when the firm fails, they get sold to someone else.
The bailout is not a way of preventing the loss of value. The loss (or transfer) of value occurred when people made bad mortgage loans. What happened more recently was the recognition of that loss. All the bailout can do is to shift the loss from some people to others, from the stockholders and creditors of firms that are now effectively bankrupt to the taxpayers.
On the whole, I think they both came out well. Obama is clearly not at his best in this forum, and does not think on his feet that well. His response to the economics questioning was stunted and halting, but largely came around during the foreign policy portion. McCain was consistent throughout. The real shocker (to me anyway) was Obama supporting Ukrainian and Georgian membership in NATO, which is truly a horrible idea. Of course, McCain seemed to support it too.
There was little I actually agreed with in most of the debates; both of them seemed to like the status quo of America the GloboCop, and neither seemed to have any meaningful problem with the Wall Street bailout, but it could have been a lot worse (for America). On the whole, it seemed like McCain was the honest authentic guy, and Obama was an honest authentic guy’s attourney which is the usual pattern.
More thought later most likely.