Once-skeptical Clinton strategist Howard Wolfson now boldly proclaims that Obama can’t lose.
Perpetually fretting Democrats will not want to accept it. The campaigns themselves can't afford to believe it. Many journalists know it but can't say it. And there will certainly be some twists and turns along the way. But take it to a well capitalized bank: Bill Ayers isn't going to save John McCain. The race is over.
This dynamic is very unlikely to change. John McCain's goal in the first debate was to discredit Senator Obama as a credible Commander in Chief and elevate the issue of foreign policy and national security. He didn't come close. Absent a domestic terror attack the economy will remain the number one issue in the race, and there is little Senator McCain can do to make up his gap with Senator Obama on it. Oh, Senator McCain will try to make issues of Bill Ayers and Tony Rezko and Rev. Wright, and that might hurt Senator Obama around the margins -- but it will not prevent him from winning. The economy is simply bigger than the rogues gallery that John McCain is conjuring up.
Why is this? Why won't the swiftboat tactics work this year?
Its easy to lose sight of it in the day to day coverage, but the collapse of Wall Street in the last weeks was a seminal event in the history of our nation and our politics. To put the crisis in perspective, Americans have lost a combined 1 trillion dollars in net worth in just the last four weeks alone. Just as President Bush's failures in Iraq undermined his party's historic advantage on national security issues, the financial calamity has shown the ruinous implications of the Republican mania for deregulation and slavish devotion to totally unfettered markets.
The New Republic