The Economist: America at its best

The choice will be starkest over Iraq. Mr McCain backed the war in the first place, and he proposes to stay the course there no matter how long it takes. Mr Obama opposed the “dumb” war from the start and has pledged to withdraw all combat troops within 16 months, though he has lately wriggled a little on this commitment. Although most Americans now think the war was a mistake, polls suggest that Mr McCain’s determination to see it through may stand him in better stead with voters than Mr Obama’s determination to pull out whatever the consequences, especially since the tide of war seems at last to have shifted firmly in America’s favour. In general, Mr McCain will offer a much more robust approach to security issues than Mr Obama””and that may help him.

That said, the war is clearly receding as a political issue, just as concerns about recession are growing. America no longer has a Hummer economy (General Motors is considering selling off the gas guzzler). And there are clear choices about how to fix it. Mr McCain offers orthodox supply-side solutions, stressing deregulation, free trade, competitiveness and the use of market mechanisms to cure the problems in everything from health care to education to pensions. The trouble for him is that America is already a pretty deregulated place, and many voters feel that globalisation has brought them much less than was promised (and bankers a lot more). Mr Obama offers a very different vision: more spending on education and training, an expensive expansion of health care to (almost) all Americans and better benefits for the unemployed. His problem will be convincing sceptics that his sums add up, though it may well be that voters, battered by falling house prices and rising oil prices prefer not to worry too much about that.

Both candidates have their flaws and their admirable points; the doughty but sometimes cranky old warrior makes a fine contrast with the inspirational but sometimes vaporous young visionary. Voters now have those five months to study them before making up their minds (and The Economist will be doing the same). But, on the face of it, this is the most impressive choice America has had for a very long time.

Read it all.

print
Posted in * Economics, Politics, US Presidential Election 2008