MCCAIN CONCEDES:
Very graceful and dignified exit. McCain and his staff ran one of the worst Presidential campaigns in history. Weak message early, disjointed response to the financial crisis. He should have stood alongside the Repubs who opposed the measure. The market was at 11,750 when they voted, it's been down 20% since then. The campaigns misuse of the Palin bounce was the baseball equivalent of pinch-hitting for your cleanup hitter in the third inning. They certainly didn't deserve to win.
AND OBAMA ACCEPTS VICTORY:
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On a historic night for Obama, I can't say much in the way of negatives. However, it is difficult to believe that Dems expect Repubs to hold hands with them and sing Koom by Yah after eight years of foot-dragging against a Republican administration. For two terms, they've acted the part of petulant, sore losers and now they want the other side to behave like adults. Fortunately, they probably will.
I still don't get the dichotomy in his message. We're not red-states or blue-states, we're the United States on one hand. But Wall Street bad, Main Street good on the other hand. I guess the class warfare struggle continues.
Who is John Galt, where is John Galt indeed.
This may be the second time in my lifetime we elected a President more for what or who he was not. Obama is clearly not George W. Bush as we were repeatedly told. If the transformative figure argument were the overriding theme, he would have beaten Hillary Clinton by more than he did in the primaries.
The last time we did this was Jimmy Carter, who was all that Richard Nixon and Gerald Ford were not. He was not stained by Watergate, not a Washington insider. However, Carter ended up being clearly in over his head in the job. And he had a world of intelligence, great moral character and executive experience as well.
My hope is that Obama ends up governing more like Bill Clinton than Carter for obvious reasons, the stakes are too high at this point.
My fear is that along with Reid and Pelosi and with a perceived mandate, that for at least the first two years, they govern like a bunch of drunken students at a frat party. We seem to have a plethora of constituents that are lining up to get paid back for services rendered during the campaign and who feel they have been under served under previous administrations.
Clinton did not move to the center until the mid term elections of his first term when the Gingrich bunch came in and provided a counterweight of ideas.
Some post-mortem comments from the Cato Institute that are important to note.
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http://www.cato.org/pressroom.php?display=ncomments&id=162
Cato Scholar Comments on Election Landslide
Wednesday, November 5, 2008
Michael D. Tanner, senior fellow:
Yesterday's massive Democratic landslide cannot be seen as anything but a repudiation of George Bush and the current Republican congressional leadership. But to suggest that in electing Barack Obama and a Democratic congressional majority, voters were choosing big-government over small-government would imply that either the Bush administration, the current Republican congressional leadership, or, for that matter, John McCain actually supported smaller government. In reality, by almost every measure, government grew bigger, more expensive, and more intrusive under President Bush and the Republican Congress.
Exit polls show that Republican losses were heaviest among upscale suburban voters who tend to be economically conservative but socially moderate. These formally reliable Republican voters did not suddenly decide that they wanted a bigger, more expensive, and more intrusive government. But, faced with the big-government status quo or big-government "change," they opted for change.
Republicans now have two more years in the wilderness to decide whether or not they actually stand for limited government and individual liberty. One wonders, whether they will hear the message.
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Not Just the First African-American President
For two years now, everyone has talked about Barack Obama becoming the first black president, barely 40 years after the civil rights revolution. Obama himself has often said, “I don’t look like I came out of central casting when it comes to presidential candidates.”
But his achievement is even more striking than “first African-American president.” There are tens of millions of white Americans who are part of ethnic groups that have never produced a president. The fact is, all 42 of our presidents have been of British, Irish, or Germanic descent. We’ve never had a president of southern or eastern European ancestry. Despite the millions of Americans who came to the New World from France, Italy, Poland, Spain, Scandinavia, Russia, and other parts of Europe–not to mention Asia and the Arab world and Latin America–we’ve never had a president who traced his ancestry to those parts of the world. Indeed, it’s often been said that “we’ve never had a president whose name ended in a vowel” (except for a silent ”e” such as Coolidge, and with the exception of Kennedy), which is another way of saying “not of southern or eastern European heritage”).
As Philip Q. Yang put it in his book Ethnic Studies: Issues and Approaches, “There have been no presidents of southern and eastern European descent; and none of Jewish, African, Latino, Asian, or Indian descent.” We’ve had 37 presidents of British (English, Scottish, or Welsh) or Irish descent; three of Dutch descent (Van Buren and the two Roosevelts); and two of Swiss/German descent (Hoover and Eisenhower). Of course, these categories usually refer to the president’s paternal line; Reagan, for instance, was Irish on his father’s side but not on his mother’s. But that doesn’t change the overall picture.
In this light, Obama’s achievement is even more remarkable. He has achieved something that no American politician even of southern or eastern European heritage has managed. But I think we can assume that from now on there won’t be any perceived disadvantage to candidates of Italian, French, Asian, or other previous genealogies not previously seen in the White House. For that, congratulations to Barack Obama.
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