Presidents tend to be blamed for a bad economy, and credited for a good economy, despite the lack of control the president has over the business cycle.
Yes, the economy is doing poorly–today. Will it be doing poorly a year from now? The likelyhood is that it will be recovering. I don’t think it would be wise for the democrats to base their campaign on a bet that the economy will still be in recession in November 2004.
I think the Democratic primary comes down to a contest between Howard Dean and John Kerry. Kucinich, Mosley-Braun and Sharpton are comedy relief, not serious. Lieberman is a solid candidate, but…why would the Democrats nominate Bush Lite? If people like Bush, they’ll vote for Bush. Edwards is a long shot, too unexperienced. Watch for him in 2008. Graham is too weird, too unexciting. Gephart has solid union support, but he is really a party apparatchik. His time has come and gone. People don’t want warmed over protectionism and so-called “industrial policy”. Gephart represents brain-dead knee-jerk union populism that went out with Walter Mondale.
So we are down to Dean vs. Kerry. I gotta say, Dean is looking more and more likely every day. Kerry is a generic acceptable Democratic candidate. No big pluses, no big minuses. But Dean is something different, more interesting. He is a natural politician, he doesn’t have that stunned, confused, hit upside the head by a two-by-four look some of the other candidates have. He’s smart, articulate, likeable. His only downside is his current reputation as some sort of left-wing nut. But in my opinion this is undeserved, although Dean certainly doesn’t go out of his way to correct the notion. Right now, as a libertarian conservative, Dean is the only Democratic candidate that I could see myself voting for over Bush.
The big risk is that Dean will implode over some gaffe or ill-considered statement or position. But…for all his reputation as a tell it like it is speaker, I believe that Dean is actually a very careful person, much like Clinton was. He is relentlessly on message. Somehow…I just don’t see him self-destructing like Gary Hart.
So finally, guessing he’s got at least a 51% chance, I’ve got to predict Howard Dean as the democratic nominee.
The we match Dean vs. Bush. Hard to say. Dean is obviously a better speaker and debater, but will he be able to overcome his (cynical, in my opinion) leftist image from the primaries? Will the electorate choose someone who supports gay civil unions and opposed Iraq? As others have pointed out, the election is Bush’s to lose. If Bush flubs between now and next November, Dean has a very good shot. If Bush muddles through, Dean is in trouble. How likely is a Bush implosion? Some might think it is very likely, but it seems to me that they are really HOPING it is likely. Hoping it will happen, and thinking it is likely to happen are two different things.
In a year, the WMDgate issue will be settled. Those who already hate Bush will still hate him, but it won’t change the electoral map substantially. If the occupation of Iraq is doing well, people will forgive him. If it isn’t going well, how he got us into the quagmire will be irrellevant.
So bottom line 3:2 odds for Bush if he faces Dean, 2:1 odds if he faces any other candidate. Bush is likely to win, but Dean is the best chance the Democrats have.