Obama has peaked... but McCain is still losing


Usually winning campaigns peak just before election day. This is normal, because the idea is to throw all available resources into getting voters to turn out. It isn't just enough to persuade a voter, it is important to identify him or her, and deliver him or her to the polls. The other task is to persuade people who vote all the time anyway. Many of these voters are left to the winds of the last minute, which is why campaign tactics such as Liddy Dole's libelous advertisement crop up. In politics, this is called "the bomb." Apologists at the Washington Post aside, which has become a virtual house organ for Mitch McConnell's pitch for gridlock and divided government, Obama has run one of the most positive of campaigns, while McCain's has unleashed slurs on his patriotism, his religion, his adherence to American values. In short, McCain's coalition is of rock ribbed racists who love socialism so long as it only goes to white people. The dwindling number of people who still believe that the Republican Party means smaller government might cling to the belief that this is about a secret plan to bankrupt the government, but everyone else knows better. There are two parties of big government, and the question is which party is big enough to run that government.

The signs are that Obama has peaked. His poll numbers in his safe seats are down, the swing states are tightening. However the swing states are all must win for McCain. McCain must sweep the states still in play, and then take one other besides. Pennsylvania is not really in play. McCain does have a chance to win this, but it relies on a combination of election fraud, and simple fraud, along with the Obama campaign messing up the thing that has been their signature from the beginning: the ground game. If Obama's campaign suddenly forgets to do the thing they have been doing all along, then McCain probably even deserves to win. But the odds of this are small.

Thus the McCain campaign's pleas to the contrary, the race "tightening" is not an effect of their message getting out, but Obama no longer contesting the message question. Instead, the Obama infomercial was clearly directed at the last phase of the campaign: activating and energizing supporters he already has, going around the filter to talk directly to his core supporters, and get them to be attached to the image of an Obama victory. McCain is still trying to persuade people, which means that his ground game is behind. Even if McCain polls ahead on election day, who is there to drive them to the polls?


Stirling Newberry October 31, 2008 - 3:13am
( categories: Miscellany )

... Joe the Plumber® of course. Was that a trick question? :)

ww October 31, 2008 - 5:11am

The Bush gang's parting gift: a final, frantic looting of public wealth

This may be Bush's most creative innovation: no-risk capitalism.

I doubt it's Bush's final gift. Bush was the gift the right gave the US that never keeps taking.

And then there's Krugman: When Consumers Capitulate

Sooner or later, then, consumers were going to have to pull in their belts. But the timing of the new sobriety is deeply unfortunate. One is tempted to echo St. Augustine’s plea: “Grant me chastity and continence, but not yet.” For consumers are cutting back just as the U.S. economy has fallen into a liquidity trap — a situation in which the Federal Reserve has lost its grip on the economy.

tjfxh October 31, 2008 - 11:05am

The fiat currency system breaks down if people aren't borrowing money because it relies on debt in order to maintain a money supply.

I'm not clear on how the various numbers are calculated, but the folks at yahoo's tech ticker suggest that going down to 150% GDP in debt then at $25 T in debt will have to leave the system. Meanwhile, the estimates that I see for M3 (the amount of money in circulation) are on the order of $15T. Doesn't that mean that even if all of the dollars in the world are paid back to eliminate this fraction of the debt, there will still be massive debt left over?

The way that these economic figures are calculated is never all that clear to me, and a lot of it just doesn't seem to add up, so it's likely that I misunderstand things here.

In practical terms, it seems like the only way to deal with this sort of thing is to print money in some form.

NateTG October 31, 2008 - 12:40pm

1. There will be a lot of defaults. We are seeing that already in mortgages. Prices are being set in the housing market in any areas by foreclosure auctions, in which mortgage holders take a big hit. Several overlevered hedge funds have gone bust, too, and investor withdrawlas are forcing other funds to close out positions. Some are going to get caught short in the game of musical chairs. Now that the credit bubble has burst, there will have to be a ferocious debt unwind before the next round, that is, is governments don't destroy everything in their path with their misguided attempts to prevent the inevitable correction globally. That is to say, governments will try to print, but that may just lead to a currency crisis instead of the reflation they are aiming for.

2. The taxpayer is going to pick up the difference on a lot of bad debt, too. That's what the "rescue" package that Congress bought was about. AIG is already in for almost 150 billion already, too. Then there's the GSE's. To keep the system (wealthy) afloat, governments (taxpayers) are essentially guaranteeing everything.

tjfxh October 31, 2008 - 3:55pm

Obama seems to be giving up on Georgia, he's dropped advertising there significantly. However, He's still pushing hard for Missouri and Florida.

McCain still trails Obama almost every where in ad units place in the swing states. Only one swing state, and it isn't really swing, but a stab, that went for Kerry is in play: Pennsylvania.

Stirling Newberry October 31, 2008 - 2:11pm

In other words, if Gallup's final poll is roughly right, John McCain may very well end up underperforming Mike Dukakis.

That's gotta sting...


"Frankly, we've lost a lot in recent years." - General Colin Powell

Raja November 3, 2008 - 9:18am

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.