Unless the American economy collapses owing to some
heretofore unknown instability in the capitalist system, Barack Obama will be
re-elected president of the United States next month, reasonably comfortably,
by four or five percentage points. While he has presided over an economy of
long historic lows, the general sense is that we have bottomed out and will,
however slowly, begin a more sustained economic recovery. Obama has indeed
disappointed his supporters’ dreams of hope and change, but he has managed an
accomplishment or two that prevented worse times. He has not been blamed for
the depression, but he cannot take any credit for a successful exit. If, along
with his re-election, the Democrats retain the Senate, as well as gain some
ground in the House of Representatives—both real possibilities at the
moment—Obama may be able to enact policies that can genuinely foster recovery.
These political shifts are now the more important developments of this
election.
Obama has been blessed with a deeply divided Republican
Party and a candidate, Mitt Romney, who simply hasn’t the political gifts to placate,
deceive, and exploit his lunatic right wing while he goes aggressively moderate
and takes, and even shares, positions with Obama. Instead of lying to his right
wing, Romney lies to himself, as well as misrepresenting himself to the
American people. In the last two weeks, every time Mitt opens his mouth, he
must later confess to speaking “inarticulately,” providing Democrats with
further arguments to make him seem a great deal worse than he probably is or
might be if he didn’t have to seem “conservative.” The general consensus is
that his campaign is in big trouble; with a significant minority consensus in
his own party. He may become the Republican version of Michael Dukakis, likewise
a former governor of Massachusetts, who lost handily to the senior President
Bush, H.W.
Three presidential debates are on tap for the month of
October, but the electorate is already firming up. Fewer and fewer undecided
voters remain, and some absentee balloting in important states begins next
week. Romney basically has one chance in the first debate to stop the slide,
then hope for a miracle. He’ll need both.