new_york_times:http://www.nytimes.com/2008/11/03/opinion/03kristol.html
if (acm.cc) acm.cc.write();
By WILLIAM KRISTOL
Published: November 3, 2008
Barack Obama will probably win the 2008 presidential election. If he does, we conservatives will greet the news with our usual resolute stoicism or cheerful fatalism. Being conservative means never being too surprised by disappointment.
Post a Comment »
if (acm.rc) acm.rc.write();
But what if John McCain pulls off an upset?
I’m worried about my compatriots on the left. Michael Powell reports in Saturday’s New York Times that even the possibility of an Obama defeat has driven many liberals into in a state of high anxiety. And then there’s a young woman from Denver who “told her boyfriend that their love life was on hold while she sweated out Mr. Obama’s performance in Colorado.” Well, what if Obama loses Colorado? Or the presidency? As a compassionate conservative, I’m concerned about the well-being of that boyfriend — and of others who might be similarly situated. I feel an obligation to help.
So let me tell liberals why they should be cheerful if McCain happens to win.
1. It would be a victory for an underdog. Liberals are supposed to like underdogs. McCain is a lonely guy standing up against an unprecedentedly well-financed, superorganized, ExxonMobil-like Obama juggernaut. A McCain upset victory would be a classic liberal happy ending.
2. It would be a defeat for the establishment. Obama’s most recent high-profile Republican endorser was D.C. insider Kenneth Duberstein. Liberals should be on the side of hard-working plumbers, not big-shot lobbyists — oops, sorry, big-shot strategic advisers and consultants. And Duberstein said that Colin Powell’s endorsement was “the Good Housekeeping seal of approval on Barack Obama.” Doesn’t that comment embody everything that liberals (and many conservatives, including me) find creepy about smug establishment back-scratching and gatekeeping in America?
3. It would be a victory for the future. With President Bush’s approval rating at about 25 percent, a McCain triumph would mean Americans were making a judgment on two future alternatives, not merely voting on the basis of their resentment at the past performance of George W. Bush. It would mean voters were looking ahead, not back. Liberals should therefore welcome a McCain win as a triumph of hope over fear, of the future over the past.
4. It would be a victory for freedom. Obama supporter Leon Wieseltier of The New Republic writes that “tyrants and génocidaires would sleep less soundly during a McCain presidency.” Liberals should be opposed to tyranny and genocide. Wieseltier also acknowledges that McCain “was splendidly right about the surge, which is not a small thing; and the grudging way Obama treats the reversal in Iraq, when he treats it at all, is disgraceful.” The surge advanced not only our national security but the cause of freedom in the world. Liberals should be votaries of freedom.
5. A McCain victory would be good for liberalism. Look at recent history. Jimmy Carter and a Democratic Congress begat Ronald Reagan. Bill Clinton and a Democratic Congress produced Newt Gingrich. Who knows what would follow a President Obama and a Democratic Congress? Here’s one possibility: President Sarah Palin.
So liberals shouldn’t be too upset at the idea of McCain winning. Could it happen?
It’s possible. What if the polls, for various reasons, are overstating Obama’s support by a couple points? And what if the late deciders break overwhelmingly against Obama, as they did in the Democratic primaries? McCain could then thread the Electoral College needle.
McCain would have to win every state where he now leads or is effectively even in the polls (including North Carolina, Indiana and Missouri). He’d have to take Florida and Ohio, where he’s about four points down but where operatives on the ground give him a pretty good shot. That gets him to 247 of the 270 votes needed.
McCain’s path to victory is then to snatch Pennsylvania (which gets him to 268), and win either Virginia, Colorado, Nevada or New Mexico (states where he trails by about four to seven points) — or New Hampshire, where he’s 10 points behind but twice won dramatic primary victories.
As for Pennsylvania, two recent polls have McCain closing to within four points. Pennsylvania is the state whose small-town residents were famously patronized by Obama as “bitter.” One of Pennsylvania’s Democratic congressmen, John Murtha, recently accused many of his western Pennsylvania constituents of being racist. Perhaps Pennsylvanians will want to send a little message to the Democratic Party. And that could tip the election to McCain.
It’s an inside straight. But I’ve seen gamblers draw them.
If McCain wins, think of this column as a modest contribution to cheering up distraught liberals. If Obama prevails, I’m confident there are some compassionate liberals out there who will do the same for hapless conservatives as they hobble out to the wilderness.
Monday, November 3, 2008
Labels
- Civil Society (478)
- Liar's Poker by Michael Lewis (342)
- Hot Air (327)
- Heating Degree Days (160)
- Good Writing (153)
- natural gas (148)
- Deregulation of Electricity (139)
- Cramer Yesterday (134)
- Paul Krugman (128)
- Masters of the Universe (102)
- baselinescenerio.com (101)
- Countrywide (95)
- madoff (88)
- tech tips (76)
- aggregation (72)
- health care (63)
- trading again (63)
- Saakashvilli (59)
- Duke Energy (58)
- Trading Natural Gas and Other Futures and Derivatives (58)
- bailout (55)
- friedman (53)
- David Brooks (52)
- e-bills (52)
- Not Hot Air (51)
- simon johnson (50)
- Home Buyer (45)
- goldman sachs. (45)
- Leverage (43)
- Bear Stearns (39)
- Gretchen Morgenson (36)
- aig (36)
- herbert (35)
- real estate (33)
- GE (29)
- derivatives (29)
- Cramer Today (28)
- confessions of a pattern day-trader (28)
- gs (28)
- 885 Greenville (27)
- etf's (27)
- brooks (26)
- CNBC Today (25)
- Crash of 1987 (24)
- Rush Limbaugh (24)
- rich (23)
- How to Read This Blog (22)
- saackashvili (22)
- crash now (21)
- Clarence Thomas (20)
- kristoff (20)
- Nocera (19)
- William F. Buckley Jr. (18)
- cohen (17)
- credit default swaps (17)
- dowd (17)
- lehman (17)
- The Big Short by Michael Lewis (16)
- citicorp (16)
- hedge funds (16)
- obama (16)
- Charlie Rose (15)
- collins (15)
- cramer last night (15)
- globe_mail (15)
- banks (14)
- dreier (14)
- flynn's oil (14)
- georgia (14)
- kristol (14)
- Banc of America (13)
- Cramer and October 8 (13)
- Gold (13)
- Jimmy Rogers (13)
- The Current Stock Market and Reporting Therein (13)
- Warren Buffett (13)
- geithner (13)
- Bill Gross (12)
- Norris (12)
- Value of Diversification (12)
- c (12)
- fifth third (12)
- stimulus plan (12)
- American Energy (11)
- Auchincloss (11)
- bill moyers (11)
- david f swensen (11)
- humor (11)
- margaret wente (11)
- nakedshorts (11)
- pattern day trader (11)
- Ah Enron (10)
- alternative investments (10)
- yale (10)
- Energy Savings for Residential Home (9)
- Paulson (9)
- aig.credit default swaps (9)
- bond funds (9)
- investment advisors (9)
- realtors(R) (9)
- toxic (9)
- Misleading CNBC Ads (8)
- Why I Was Too Busy (8)
- canada (8)
- carlos celdran (8)
- consuelo mack (8)
- dead_of_winter (8)
- fifth_third (8)
- jp morgan (8)
- larry summers (8)
- morgan stanley (8)
- rubin (8)
- wolfe (8)
- Amaranth (7)
- Barefoot Advertising (7)
- Cooling Degree Days (7)
- Glengarry (7)
- Judge Cudahy (7)
- No Hot Air smart grid (7)
- Weakening Dollar (7)
- james kwak (7)
- pogue (7)
- reflects (7)
- symmes township (7)
- what we learn when special people die (7)
- Municipality Bankruptcies (6)
- Notary Signing Agents (6)
- Private Equity (6)
- andrew ross serkin (6)
- bogle of vanguard (6)
- civil rights (6)
- fannie and freddie (6)
- gm (6)
- health (6)
- italy (6)
- keynes (6)
- mortgage brokers (6)
- stan chesley (6)
- susan boyle (6)
- volker (6)
- ; CNBC Today (5)
- Actual Laurel and Greenville (5)
- Cost Per Megawatt (5)
- Deregulation (5)
- Judith Warner (5)
- Merrill Lynch (5)
- Phil Gramm (5)
- The Dollar (5)
- auction rate securities (5)
- bonds (5)
- cramer's crash checklist 2010 (5)
- credit cards (5)
- dan gearino (5)
- dominion (5)
- dulley (5)
- high frequency trading (5)
- iou (5)
- iran (5)
- john lanchester (5)
- joseph cassano (5)
- kesselschlacht (5)
- libor (5)
- mybesttime (5)
- natural gas is not like oil (5)
- palin (5)
- philippines (5)
- sec (5)
- stanford (5)
- ted kennedy (5)
- Gail Collins (4)
- Hunter S. Thompson (4)
- Si burick (4)
- US Dollar (4)
- art cashin (4)
- blow (4)
- buffett (4)
- don marshall (4)
- dwell (4)
- economics (4)
- finances (4)
- fraud (4)
- green township (4)
- grisham (4)
- harry markopolos (4)
- heating oil (4)
- hillary (4)
- investment banks (4)
- john c bogle (4)
- pajama traders (4)
- rider fpp (4)
- soros. friedman (4)
- sotomayor (4)
- subprime meltdown (4)
- supreme court (4)
- tarp (4)
- where we live out lives (4)
- 1998 (3)
- 970 laurel (3)
- Fiscal Stimulous (3)
- Paul Newman (3)
- Reich (3)
- The Associate (3)
- Thomas Frank (3)
- What a Ride Ye Gave Thee Shareholders (3)
- ackman (3)
- bp (3)
- burry (3)
- calvin trillin (3)
- carlos slim. masters of the universe (3)
- cdo (3)
- cds's (3)
- checklist (3)
- christopher buckley (3)
- collapse (3)
- commodities (3)
- david muth (3)
- doug worple (3)
- duhigg (3)
- duke energy retail sales llc (3)
- elizabeth warren (3)
- euro (3)
- flash crash (3)
- g-20 (3)
- glendale (3)
- goolsbee (3)
- gs; Liar's Poker by Michael Lewis (3)
- gs; goldman sachs. (3)
- hank greenberg (3)
- institutional investor (3)
- insurance companies (3)
- law firms (3)
- manila (3)
- mcnees (3)
- meredith whitney (3)
- middle east (3)
- movies (3)
- new yorker (3)
- option arms (3)
- paul daugherty (3)
- procter (3)
- reagan (3)
- ritchard posner (3)
- steve martin (3)
- stimulous plan (3)
- terrorism (3)
- toqueville (3)
- trust (3)
- wendell potter (3)
- words (3)
- Bernie schaeffer (2)
- Buddy (2)
- Editor's Selection (2)
- Frank DeFord (2)
- Gasparino (2)
- George Vecsey (2)
- Geothermal (2)
- God (2)
- Greenspan (2)
- Latest Carry Trade (2)
- Railroads (2)
- Remnick (2)
- Rich.reflects (2)
- Spitzer (2)
- The Very Crux (2)
- Wachovia (2)
- Weather Futures (2)
- a heddgie (2)
- abacus (2)
- aep (2)
- andreww ross serkin (2)
- arthur nadel (2)
- auto task force (2)
- barcelona (2)
- barrons (2)
- barton (2)
- bernanke (2)
- beth smith (2)
- biden (2)
- bill black (2)
- black swan (2)
- blood pressure (2)
- bridge (2)
- brooks-Simon (2)
- bruce abel (2)
- bubbles (2)
- cheever (2)
- chris dodd (2)
- christopher walken (2)
- community reinvestment act (2)
- corporate bonds (2)
- cramer's list (2)
- crash of 1929 (2)
- crash of 2:45 p.m. (2)
- cursing mommy (2)
- daugherty (2)
- donttrythisonyourhome.blogspot.com (2)
- duk (2)
- economix (2)
- entrepreneur (2)
- eu (2)
- fasb (2)
- fast money last night (2)
- financial advisors (2)
- financial crisis inquiry commission (2)
- fool's gold (2)
- glanville (2)
- glass-steagall (2)
- guessing cramer (2)
- hal mcCoy (2)
- house of cards (2)
- hugh laury (2)
- ian frazier (2)
- imf (2)
- immelt (2)
- indymac (2)
- iolta (2)
- jamie dimon (2)
- jimmy cayne (2)
- john mack (2)
- kellerman (2)
- lobbying (2)
- loonie (2)
- magnetar (2)
- marcellus shale (2)
- marselus shale (2)
- mcCain (2)
- medicare (2)
- merton.mit (2)
- milton friedman (2)
- neil bortz (2)
- notes from natural gas country (2)
- nuclear power generation (2)
- patrick french (2)
- paumgarten (2)
- pelosi (2)
- peter bernstein (2)
- phil in the mountains of kyushu (2)
- phillip schuck (2)
- philosophy (2)
- pnc (2)
- power grid (2)
- ratigan (2)
- rebecca Worple pictures (2)
- regions financial (2)
- regulation (2)
- rick santelli (2)
- robert shiller (2)
- rolling stone (2)
- schumer (2)
- schwab (2)
- securitization (2)
- seeking alpha (2)
- shadow banking system (2)
- sir allen stanford (2)
- south ossetia (2)
- stanley fish (2)
- stated income loans (2)
- steen (2)
- stress tests (2)
- structured finance (2)
- taleb (2)
- talf (2)
- too big to fail (2)
- treasury (2)
- troubled asset recovery plan (2)
- trusts (2)
- twitter (2)
- veverka (2)
- walter noel (2)
- water (2)
- weatherization (2)
- wells fargo (2)
- whitney tilson (2)
- william cohan (2)
- world affairs (2)
- 1040 (1)
- 12 angry men (1)
- 60 minutes (1)
- Daschle (1)
- December (1)
- Detroit (1)
- Dirty tricks (1)
- Dmitry Orlov (1)
- Econned (1)
- Electricity (1)
- EnCana (1)
- February (1)
- Gold Standard (1)
- Irremedial (1)
- January (1)
- Jr. (1)
- Judith Timson (1)
- Kevin Hassett (1)
- McFadden Act (1)
- National City (1)
- Negrych (1)
- No There There (1)
- November (1)
- Peter Baker (1)
- Rob portman (1)
- September (1)
- Surowiecki (1)
- T. Boone Pickens (1)
- TWITTER DAY capers (1)
- Teddy Roosevelt (1)
- The Flash Guys (1)
- VaR (1)
- WEP (1)
- WPA (1)
- ` (1)
- aa (1)
- aaron pressman (1)
- above the law (1)
- acorn (1)
- adwords (1)
- afghanistan (1)
- africa trip (1)
- aging (1)
- ai (1)
- ajay kapur (1)
- ajit jain (1)
- aligned interest partnerships (1)
- allegheny (1)
- ambient (1)
- american electric power (1)
- anandarko (1)
- andrew j hall (1)
- andrew lo (1)
- andy redleaf (1)
- anne hathaway (1)
- annuities (1)
- apc (1)
- attorney review (1)
- ayp (1)
- ayres (1)
- bachus (1)
- barofsky (1)
- baseball (1)
- basis_of_stocks (1)
- ben stein (1)
- best line of the day (1)
- bill ayres (1)
- bill gates (1)
- bill o'reilly (1)
- bill youngclaus (1)
- blackstone group (1)
- blankfein (1)
- blodget (1)
- blodgett (1)
- bob woodward (1)
- books and entertainment (1)
- brown-kaufman (1)
- bruce harlamert (1)
- bully points (1)
- buy and hold (1)
- california (1)
- canadian banks (1)
- canadian dollar (1)
- carlyle group (1)
- carol loomis (1)
- casa batllo picture (1)
- cds.money market (1)
- charles ortel (1)
- charles taylor (1)
- chesapeake energy (1)
- chicago (1)
- china (1)
- christopher hitchens (1)
- city-data (1)
- cleaving in two (1)
- closing costs (1)
- cloud computing (1)
- cng (1)
- cobra (1)
- colin powell (1)
- collar funds (1)
- colors (1)
- columbia gas (1)
- commercial property (1)
- communitarian (1)
- conan obrien (1)
- concrete (1)
- conocophilips (1)
- consumer financial product agency (1)
- contracts (1)
- cooking (1)
- corporate law (1)
- cottage ownership (1)
- cox (1)
- creditaig.credit default swaps (1)
- daily normals (1)
- dan kucera (1)
- david corn (1)
- david einhorn (1)
- david faber (1)
- david frum (1)
- david gray (1)
- david gu (1)
- david kessler (1)
- dayton daily news (1)
- default option (1)
- deficit (1)
- discount rate mismatch (1)
- divorce (1)
- dmitri young (1)
- douthat (1)
- dov seidman (1)
- due diligence (1)
- dzhugashvili (1)
- earmarks (1)
- earthquake (1)
- edmund andrews (1)
- education (1)
- effrat (1)
- el-erian (1)
- ellen brown (1)
- emma (1)
- equities (1)
- eric holder (1)
- estate planning (1)
- estate taxes (1)
- ethics (1)
- european union (1)
- everything relates to everything (1)
- ewe reinhardt (1)
- exceptionalism (1)
- extend and pretend (1)
- ezra merkin (1)
- f (1)
- facebook fiasco (1)
- fairenergyohio.org (1)
- fault swaps (1)
- feith (1)
- financial engineering (1)
- finland (1)
- first energy (1)
- fitzgerald (1)
- fixed income (1)
- fonts (1)
- food (1)
- foreclosures (1)
- fracking (1)
- fuchs (1)
- futures chain (1)
- game face (1)
- gary kaminski (1)
- gasoline (1)
- gawande (1)
- gazprom (1)
- gerry spence (1)
- glen beck (1)
- good writing; what we learn when special people die (1)
- greek debt (1)
- gregg (1)
- gs; (1)
- gwyn morgan (1)
- hdd (1)
- heroes (1)
- hilda solis (1)
- home buyer tax credit (1)
- homes (1)
- igs (1)
- index funds (1)
- india (1)
- inflation (1)
- infrastructure (1)
- interest rate swaps (1)
- investment neighborhood concept (1)
- iphone+facebook (1)
- ireland (1)
- irs (1)
- james simons (1)
- john burns (1)
- john cassidy (1)
- john_paulson (1)
- jon stewart (1)
- jose manuel tesoro (1)
- julian epstein (1)
- kagan (1)
- karl icahn (1)
- kate middleton (1)
- kate winslet (1)
- ken lewis (1)
- kevin drum (1)
- lafley (1)
- lawyering (1)
- leonie benesch (1)
- liddy (1)
- limiting wall street salaries (1)
- linda greenhouse (1)
- liquidity (1)
- listen up (1)
- lists (1)
- livingwiththeoldies (1)
- lynn a stout (1)
- macArthur (1)
- madmoneyrecap.com (1)
- maira kalman (1)
- malcolm gladwell (1)
- managed futures (1)
- manhattan institute (1)
- mark everson (1)
- mark-to-market rule (1)
- martin act (1)
- mcallen texas (1)
- mcconnell (1)
- meachem (1)
- medicaid (1)
- memory lane (1)
- mergers and acquisitions (1)
- mf global;corzine; Masters of the Universe (1)
- michael jackson (1)
- mike demmer (1)
- mike mayo (1)
- mit (1)
- mit technology review (1)
- mold (1)
- mommy (1)
- money market funds (1)
- moral hazard (1)
- mother jones (1)
- mozilo (1)
- msnbc (1)
- muppets (1)
- mutual funds (1)
- myth of the great war (1)
- nagornay (1)
- naipaul (1)
- nassim taleb (1)
- nationalization (1)
- ncaa (1)
- new construction (1)
- nicholas dawidoff (1)
- nick grealy (1)
- nopec (1)
- not misleading cnbc ads (1)
- not sure (1)
- november 2010 elections (1)
- nymex (1)
- oil sands (1)
- oil spill in gulf (1)
- options (1)
- orange county (1)
- orman (1)
- p&g (1)
- packer (1)
- pakistan (1)
- passive houses (1)
- patrick-taylor plan (1)
- pension funds (1)
- peter weinberg (1)
- phillip blond (1)
- phisosophy (1)
- pico iyer (1)
- pictures (1)
- planes (1)
- plutomomics (1)
- powers of attorney (1)
- prechter (1)
- primal image (1)
- primary care doctors (1)
- procedure (1)
- progress energy (1)
- quants (1)
- queen elizabeth (1)
- quiet zones (1)
- rahm (1)
- randazzo (1)
- random sayings (1)
- randum notes; Hot Air (1)
- ratings (1)
- regulatory capture (1)
- renminbi (1)
- rent scams (1)
- repo 105 (1)
- residential counteroffer (1)
- restoring wireless (1)
- retail (1)
- reunion (1)
- rice v igs (1)
- roger altman (1)
- ron insana (1)
- ross serkin (1)
- roubina (1)
- rtichard posner (1)
- russian winter (1)
- s and p (1)
- sallie mae (1)
- sarah brightman (1)
- saskia de brauw (1)
- saturday night live (1)
- satyajit das (1)
- schadenfreude (1)
- science (1)
- sean miller (1)
- segal (1)
- silver (1)
- single payer system (1)
- singleism (1)
- sistine chapel (1)
- small business (1)
- smart metering (1)
- soros (1)
- speculation (1)
- springfield township (1)
- stalin (1)
- steele (1)
- steidlmayer (1)
- stenfors (1)
- steven g breyer (1)
- steven schwartzman (1)
- stewart (1)
- stiglitz (1)
- strauss-kahn (1)
- strictly local (1)
- susan jacoby (1)
- tabula rasa (1)
- tanenhaus (1)
- tanta (1)
- target date funds (1)
- taxes (1)
- ted forstmann (1)
- ten things (1)
- tett (1)
- thamel (1)
- the haggler (1)
- the reader (1)
- thomas jefferson (1)
- thomas lee (1)
- thomas montague (1)
- thomas ricks (1)
- timeline. laffley (1)
- timothy egan (1)
- tivo (1)
- tod_x;Duke Energy (1)
- todx (1)
- tom archdeacon (1)
- tom daschle (1)
- tom wilson.allstate (1)
- trains and automobiles (1)
- travel insurance (1)
- ultra (1)
- ung (1)
- united states steel (1)
- vanity fair (1)
- vatican (1)
- verizon (1)
- victoria falls (1)
- victorian homes (1)
- w (1)
- wall street (1)
- washinton mutual (1)
- whitebox (1)
- wilpon (1)
- wtrg (1)
- wwII. flash crash (1)
- www.rule26a1.com (1)
- x (1)
- year_end (1)
- zambia (1)
- zardari (1)