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September 02, 2008

Plausible Deniability?

It was an exciting night at the Repub's convention. Fred Thompson made a good speech endorsing McCain's character. The last Democratic nominee for Vice President, Joe Lieberman, made a solid speech endorsing McCain as the man to trust with the Presidency.

Yeah, yeah. However, I am underwhelmed by the choice of Sarah Palin as McCain's understudy. Sure she's cute. A bonafide MILF. And a good shot. But a stone cold light weight. The "bridge to nowhere" flip flop. The limited profile in the public eye. Of course, she does have more executive experience than either Obama or McCain. But a heartbeat away from the Presidency? I don't think so.

I'm not an Obama fan. He is an old-school liberal dressed up in post-partisan camouflage. He is also seriously in love with the sound of his own voice, which is not an attractive quality. That said, there may be some advantages to having him in the White House these next four years.

Firstly, the next four years promise to be very difficult from an economic point of view. The fallout from the real estate bubble will take time to work itself out. The impact on financial institution's balance sheets will provide a real drag on any recovery. As will the overstretched state of household balance sheets. In short, the American consumer is hitting up against the limits of debt availability, and our financial institutions are facing massive pressures to reduce their lending exposure.

If you buy this premise, being the next President of the US of A is not going to be a fun gig. Yeah, sure, you will be able to appoint a Supreme or two, as well as sign into law provisions that will make it very hard for large businesses to avoid unionization. But overall, it is likely to be a bummer.

On the plus side, if Obama wins, GWB has nearly two months in office as a legless duck. (Think Lame Duck to the 3rd power.) This is a golden opportunity for Dubya to go medieval on Iran's nuclear program. The US can commit multiple sorties to take out all of the Iranian nuclear enrichment sites, while the incoming Administration wrings its hands and protests ineffectually. After the damage is done, Obama becomes President and apologizes sincerely.

Problem solved.

September 2, 2008 at 11:16 PM | Permalink

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