Monday, November 03, 2008

"Stealing An Election"

That is the title of Glenn Reynolds' opinion piece for The New York Post. He concludes:
The tragedy is that Obama would probably have done just as well - and perhaps better - if his campaign had lived up to his early claims of nice-guy nonpartisanship, instead of looking more like a dirty Chicago Machine effort. Now, if Obama wins, he'll have to deal with a lot more resentment and suspicion. And the rest of us will have to try to push for reforms to make such abuses more difficult.

Weaknesses in the financial system that weren't addressed because they benefited insiders led to the current economic crisis. It's now clear that our political system suffers from similar weaknesses. Just as no-doc loans and dubious financial controls led to the subprime crisis - but weren't addressed because they were making participants rich - so, too, may no-doc voting and dubious financial controls lead to a political crisis that, quite possibly, will make the financial crisis look mild. But will the political players have the backbone to address the problems before a crisis appears? So far, it looks doubtful.
Read the whole thing.

Considering that the Democratic Congress has shown more interest in impeaching Bush than in investigating the causes of the current financial crisis, that sounds about right.

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