Sunday, November 09, 2008

11.9.08: The Hang Over

Despite the conversations on the program today and the introduction of an Obama central figure, Valerie Jarrett, the hang over is over... The autos are running out of cash, job losses continue to mount in huge chunks, spending at retail is at a stand still, and even the vaunted Warren Buffett is experiencing revenue losses at Berkshire Hathaway. The consolation comes in the form of President-Elect Barack Obama because he understands these dynamics infinitely more than John McCain does - it's just fact. And keep in mind that domestic policy and foreign policy are not mutually exclusive. Why does China have leverage on the world stage? Because they have the cash.

However, as Valerie Jarrett said, there are not two administrations are work here and, frankly, these two months will be crucial and this country still has to rely on George W. Bush. However, if there is any indication of the thoughtfulness that will go into an Obama administration, the transition team, co-chaired by Ms. Jarrett, has studied Presidential Transitions going back 50 years - what happened day by day, hour by hour in some cases. Do you think the Bush Administration did that?

Ms. Jarrett also touched on the fact that President-Elect Obama would seek different opinions and will most probably have Republicans in the cabinet. This column has advocated in the past that Senator Chuck Hagel from Nebraska would be an excellent choice, specifically for Secretary of Defense. No one would question his credentials or commitment to the job. Also, there is a quality to Senator Hagel (who did not run for re-election) that this column appreciates, which is that he understands the smallest parts of the great wheel are the most important. Having been a grunt (a non-commissioned soldier) in Vietnam, he understands the the chaos on the ground is not just theoretical when discussed in the power-broker halls of Washington.

Another item touched on during the hour was Mr. Obama's choice for chief of staff - Rahm Emanuel. Congressman Clyburn articulated is best when he said that managing is distinctly different than governing. We couldn't agree more, Congressman Emanuel is known for having sharp elbows and getting things done. John Boehner, Republican from Ohio, said that this choice was ironic because Mr. Emanuel, in his opinion, is very partisan and not emblematic of a bi-partisan effort that President-Elect Obama spoke about. We refer you back to Mr. Clyburn's statement. Also, Congressman Mel Martinez, also on the program, agreed, "I think you need someone in that job who you can trust, who's going to cover your backside, and who's smart and can run the trades on time--the trains on time. So I differ with, with Leader Boehner. I think that Rahm Emanuel for Barack Obama's a good choice."

This is the best opportunity that this country has had in a long time to build consensus. National greatness will never be constructed if consensus is not build first.

With this, this column believes that Senator John McCain could actually play a big role. Remember that his position on immigration was very much at odds with most Republicans, and even though it didn't go far enough, it was a big step. Are we saying that he should have a significant position in some capacity... no. It is for him to decide how his voice will be heard, but we can't help thinking that he is a different man than what his campaign portrayed him to be.

Are we being a little too forgiving? Are we too caught up in the moment of a new beginning? Our ability to 'reboot' as Bill Maher put it. Maybe, but when a woman in line to vote said to me that she had never seen a line like this before, I said to her that people seem to believe that for the first time in a long time, they have something to vote for. My vote for Senator Kerry in 2004 was a vote against George Bush, not FOR Kerry. He would have not been a good President - a blessing in disguise really. If the outcome would have been different, we as a country would have not arrived at this monumental moment.

[Aside: As it relates to Senator Kerry, this column does not advocate for him in any cabinet position in an Obama Administration. Reasons to be discussed in the coming days.]

Lastly, there were two quotes from today's MTP that encapsulate the discussion - one directly from Congressman James Clyburn and the other from Ms. Doris Kearns Goodwin quoting FDR.

Mr Clyburn: That kind of excitement will not last if people don't have dignity restored to their homes.

Ms. Goodwin quoting FDR: "Great crises present great opportunities."

So enjoy the moment, we absolutely should, but just know that you might have to go to the bottle again very soon to get the hair off the dog.

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