Posted by
ClearCommentary.com on Monday, January 28, 2008 2:42:36 PM
I. The Economy: Truth & Fiction
Obtaining a balanced perspective is always a worthwhile exercise, but more so in our age of economic illiteracy, when many Americans seem to have attention spans best measured in milliseconds, as well as a depth of historical understanding on a par with freshness dates.
For a dose of comparative data, we turn to Brian Wesbury's exceptionally detailed analysis in today's Wall Street Journal. It's a rich loam of information that you can digest at your own pace, but we cite it to illustrate two points: First, that the media will exploit any hint of bad economic news, and second, the superficial and distorted nature of their reporting, which, in an age of an informed electorate would be laughable, can be foisted upon us with impunity and recycled as truth.
Against that backdrop, the rush to execute a stimulus package--"rush" meaning it will happen before the election--is equally ludicrous and a shameful indictment of the low esteem in which the Bush Administration and Congress hold the American people.
II. Why McCain Will Lose
What's remarkable about Senator McCain's recent ascendancy is not the fawning way in which the media and liberals have embraced him--with Bill Clinton telling us that a McCain-Clinton race would be "civilized"--but rather how faithfully it tracks with the nascent fissures in the Republican Party.
We've argued that the electorate is softening around the edges, that what is currently called 'fiscal conservativism' is a pale and lifeless example of the genus represented by a Newt Gingrich or a Dick Army. As such, it's not surprising that McCain can assume the mantle of a fiscal conservative, or a champion of free speech for that matter, while maintaining a straight face.
Moreover, when a candidate such as McCain, who has routinely, and with obvious glee, flouted the base and joined arch liberals such as Senators Feingold and Kennedy (and, calling it "bipartisan"), when he appears on Meet the Press, as he did yesterday, and claim he's been with conservatives all along, we can expect independents and amorphous Republicans will nod their heads in agreement.
However, as we've also argued, reports of the death of the base have been greatly exaggerated and with tomorrow's primary in Florida and the Mother of primaries coming up next week, reality may realign itself with the truth. Winning in New Hampshire, with its absolutely obtuse primary rules, is a poor predictor of electoral viability. Nor is McCain's narrow victory in South Carolina dispositive of the remaining contests.
III. Another Look at Romney
With the one unalloyed conservative, Fred Thompson, out of the race, and the one who might compete well in a general election against either Democrat, Giuliani, likely to drop out soon, having another look at Romney makes sense. Huckabee might merit an honorable mention but we see his populist stock plummeting after super Tuesday as well.
As a prelude, we would caution against reading too much into the polls that show McCain is the only Republican who can win against either Clinton or Obama. There's an artificiality inherent in polling, which merely means we often express different views about our thinking when the actual decision is an abstraction many months away.
That stated, there is a disconcerting air of perfection in Mr. Romney, from his polished, Ward Cleaver appearance to his measured responses to questions. Indeed, his assertions to the contrary notwithstanding, we're convinced this is a man who hasn't experienced failure, in everything from never having been turned down for a date in high school to getting every job he ever applied for.
But, we know that beneath his steely carapace is a man who truly loves this nation, but, crucially, not in the way that liberals do. He appears to see in his fellow Americans the potential for greatness, but a greatness not derived from government. Rather, it's something unleashed by eliminating the economic and civic inhibitions caused by government intrusion, in the form of hobbling regulations and confiscatory taxation.
Romney's performance in recent debates confirms this analysis because he's becoming more animated and fervent in his belief of what's possible if we put government back in its cage. Mr. Obama, in contrast, is equally charismatic, but his prescription is for a heavier dose of government than we already have, which is to say we can tax our way out of any problem.
We can only thank God we have so many news and information outlets, not just the Mastodons of the Neolithic era--CBS, NBC, ABC, and the NY and LA Times, that impose a liberal filter over every utterance or story. Now, at least the truth has a chance to survive beyond the first moments of its earthly life.