Thursday, October 16, 2008

Waiting for the November 4th

The final debate also ended with no game changers for McCain. The media and polls quickly awarded a slight edge to Obama for his focus on the issues and articulate expression. Its the financial crisis and sluggish economy that really hurting the Republican campaign and McCain seems to miss the big picture . I always favored Mitt Romney who was better suited to handle such tough issues head-on but for some reasons, he never won the republican base. At some point I thought McCain would pick him for his VP ticket but instead he chose Sarah Palin who already proved as a wrong choice for serious voters.

People think Obama could weather through the economic crisis better but I really don't know what's he going to do. All of his programs demands lot of spending - let it be education, health care or building the infrastructure or tax benefits and its unclear where the money is going to come from. Also not clear how the pressure on oil and defense expenses would be reduced in next several years. Some good brains on economics, Henry Paulson and Ben Bernake , are now struggling to halt the slowdown by deploying the monetary tools and even investing the tax payers money in banking corporations. If the stock market is a barometer of growth, then its clear that recession has already hit the US economy. So there are challenges even Obama has not foreseen when he started out for the White house. But then that's what you expect the president to be able to handle.
Now there lives a Bush and his failed policies for everyone to blame on. Even MCCain could console himself that he was a victim of the the failed policy. I am not sure any president would have foreseen a financial crisis of this magnitude that was clearly a product of corporate excess and mis-management. I am going to watch W. tomorrow to see more Bush before he steps down -:)

No comments: