Obama has come out of nowhere to rise as the leading Democratic Presidential candidate with spectacular inspiring speeches that have dazzled many into becoming believers in the hope that his has.
But, believing in someone’s vision is sometimes not enough to vote for them to be the President. I don’t know if Obama will become the next President or not, only time will tell. What I do know is that the economic crisis is removing many of the securities that Americans have become accustom to enjoying.
The economic crisis which has devastated the housing markets, auto market, financial industry and is threatening many others, has removed many securities. The number of home foreclosures is increasing at a staggering rate – causing many to lose their homes - which is perhaps the most secure place that anyone has.
The shakening of these economic pillars are likely to cause the public to pull away from anything that would add further risk to their future. The many questions about Obama’s background and his character add to the risk for him to be the next President. This is even more pronounced running against John McCain – who has a lifelong political and military record to answer almost every question about him. In a time of risk aversion and risk reduction, Obama may not get the votes – even if he could be a better leader.
The global economic has change the role of the President of the US, because political globalization is lagging behind economic globalization and in need of a geopolitical leader to turn the hearts of the world back to America. Obama just maybe that guy. On the other hand, Obama’s record shows he is not an advocate for military action – which shows a hand of weakness in a time when global terror groups are causing great distress throughout the world. The world needs a strong handed US president to continue to depress global terrorism. John McCain just maybe that guy.
We will find out is a few short months, but I think the lagging economy gives McCain a risk aversion advantage. What do you think?