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Financial Crisis Could Change the Election
September 18 - 8:41 PM
The recent meltdown of American's major financial institutions are starting to make this year's
election look less like 1968 and more like 1932. Political pundits have compared this year's
election to any number of pivotal election years - most commonly 1968 or 1912.
Others have seen it as leading to the same kind of crisis that resulted from the
election of 1860 - when Lincoln's election provide the final straw in the secession
of the South from the Union.
In reality it is looking more like 1932, with 1929 tossed in for bad measure. Most
historians believe the 1929 stock market crash was a symptom, not the cause
of the looming Depression. So it might be this year, as the stocks of mismanaged financial
institutions point to underlying problems of a more fundamental nature, most of which have been
seen coming for a long time by those willing to look.
By that model, the Bush Administration is similar to the Harding-Coolidge Administrations, and
John McCain may get to be like Herbert Hoover without ever being president. A financial
collapse during a Republican admininstration seems tailor-made for a complete Democratic
takeover. Anything short of a stampede for the doors will signal electoral weakness on
Obama's part. But John McCain is not as callously self-sufficient as Hoover was -
being part of an army of 2 million does that to you - and Obama has yet
to earn the humility Roosevelt gained from his polio. In less than seven weeks we
will see how closely the results mirror the election of 1932, 1968, 1860 - or perhaps even 2000.
Comment
Glengarry Glen
September 18 -
10:43 PM
Like most Democrats, anyone who disagrees with you is a racist. You should see through that, since Hillary is now calling Obama and his supporters sexists just for not supporting her.
DemoFan
September 18 -
10:40 PM
That's a dangerous remark. Even if you're not a racist, which I am not willing to concede, you are fueling the fire for the racists out there. This is Obama's year, period. The 20-year curse is a relic of history.
Glengarry Glen
September 18 -
10:30 PM
I'm most concerned about the parallels to Lincoln. Some are saying that an Obama loss will result in black violence worse than the Watts or Rodney King riots. Others say an Obama win will result in an anti-black backlash. Diversity these days is feeling more divisive than unifying.
BetsyOTexie
September 18 -
10:27 PM
It creeps me out when Obama or his people compare him to President Kennedy or Martin Luther King - and sometimes Abraham Lincoln to boot. These are people that many admired, to varying degrees, but they all came to a bad end. This country cannot bear to go through that again.
DemoFan
September 18 -
10:24 PM
1932, here we come. I can't wait to see Tom DeLay's face when we take it all.
Comment
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