Dick Morris gives a different perspective on losing the White House. Man, can that guy turn a negative into a positive!
If ever there was an election that was not worth winning, it was the contest of 2008. While it was hard-fought on both sides, had McCain won, it might have spelled the end of the Republican Party. As it is, the party is well-situated to come back in 2010 and in 2012, if it learns the lessons of this year.
Simply put, all hell is about to break loose in the markets and the economy. The mortgage crisis will likely be followed by defaults in credit card debt, student loans and car loans. We will probably be set for two years of zero growth, according to economists with whom I talk. And the federal efforts to protect the nation from the worst of the recession will probably lead to huge budget deficits and resulting inflation. We are in for stagflation that could last for years.
Had McCain won, he would be the latter-day Hoover, blamed for the disaster that unfolded on his watch. Now it is Obama’s problem. With the Republicans suffering a wipeout in congressional elections (although not as bad as they feared), the ball is now squarely in the Democratic court. Good luck!
Here’s a link to the full text.