Thursday, October 14, 2004

The Final Debate 

Not surprised, I read this morning that John Kerry won last night's debate. It is clear to me that I look at these things completely differently then the rest of the world. When people say it was John Kerry that won they are talking about style. It is of course style that did Al Gore in four years ago. In his case a different candidate showed up each time he faced George Bush. The viewers then translated his metamorphosis into a belief that they could not credibly cast their vote for Gore because they would not reliably know which personality they would get as President. His speeches since being in office only reinforces this characterization.

In Kerry versus Bush we have an extremely articulate strong looking man facing someone who cannot think on his feet to save his Presidency. But the issues tell a different story:

1. Kerry's stand on foreign policy is completely incoherent and I still cannot believe he can express his opinions with a straight face.

2. His positions on domestic issues are dangerous. His suggestion that government spending generates economic demand represents the re-heated theories of John Maynard Keynes that resulted in high unemployment, high inflation, and lack of growth in GNP that we saw in the 1970's and 1980's.

3. He offers no solutions for fixing social security and medicare which will both facing bankruptcy.

The President, on the other hand, talks about the problems of social security and healthcare as if he is reading from CATO's Congressional handbook. This whole election would be so easy for him to win if he hadn't acted like his father in never finding a spending bill he didn't like. Now we can only wait and watch.

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