Archive for June, 2008

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Obama leads by 5.08% nationally

June 13, 2008

TPT’s updated projection show a comfortable lead but will the bounce last?

My new national projections (likely voters, last poll ending June 1st) are:

Barack Obama 49.04
John McCain 43.96

Barack Obama has a comfortable lead against John McCain. However, it seem to have fallen back a bit from its peak of 6.67% on June 7th. McCain really needs to work at getting back to evens by the end of the month. I believe that this is doable because the Obama bounce will wear off. However, McCain does need to make sure in the medium term that all types of Hillary voters, including working class and middle income Democrats, do not slowly drift to the Senator from Illinois. To combat this McCain needs to seriously consider taking the iniative and talking about his progressive record as a Senator, even if this annoys a few members of the fabled ‘Republican base’.

NOTE: My methodology for my detailed polling projections involves collating all the available polls of likely voters and then filtering them through Samplemiser, a Kalman filter. I only used polls of likely voters and I get my data from pollster.com.

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Why most polls on Iraq are misleading

June 13, 2008

The ‘Frank Sinatra’ theory of issues

The conventional wisdom is that the Republicans should downplay the War in Iraq. It has been suggested that even the success of the surge has only meant that this issue will become less of a drag on the Republicans. However, I believe that many polls, especially polls where people are invited to select the issue that they believe is most important, as well has their stance on the issue, give a misleading impression about the war.

My theory is while those who oppose the War In Iraq cite Iraq as one of their main reasons for voting for Obama, those who support the war will cite ‘National Security’ (or even ‘Moral Values’) as their most important issue.

As one can see from the 2004 exit poll, Kerry led Bush on the War in Iraq, but Bush crushed Kerry on the issue of Terrorism. Of course, poltical operatives will argue that this means that the Republicans should focus on National Security, as opposed to the War. It also has to be conceeded that the awful events of September 11 meant that Bush would have had a lead on National Security in any case (though the example of his father in the 1992 election demonstrates that such leads prove transitory.However, as Giuliani’s campaign proved, like the old Frank Sinatra song, ‘love and marriage goes together like a horse and carriage/you can’t have one without the other’. National security is important, but to talk of national security without talking about the War in Iraq or the Middle East is like talking about crime without suggesting how to solve such crime. Indeed, to paraphrase Tony Blair, you cannot claim to be tough on terror without outlining how you are going to be tough on the causes of terror. Also, While there were strong strategic reasons for going into Iraq America (and Britain) did so for moral reasons that were as, and perhaps more important. McCain, who was one of the key supporters of the intervention in Kosovo, should emphasise this because it not only emphasises his achievements in the Senate, but is someone he passionately believes in.

This poll also points to another important issue. Although Bush’s tax cutting gave the Republicans a lead on the issue of taxes, those who thought that his tax cuts were irresponsible and regressive simply gave Kerry a lead on the economy and healthcare. If you aggregate National Security/Iraq and Healthcare/Economy/Eduucation and Taxes you get a Democratic lead on the Economy and a Republican lead on foreign policy. Now McCain is more moderate than Bush on the economy and September 11th was nearly seven years ago but I’d suggest that McCain would do well to move to the centre on the economy and keep talking about Iraq, especially in terms of the consequences a preciptous withdrawl would provoke. The National Review Online has a very good article on the subject.

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New poll propels Obama into the lead in Michigan

June 12, 2008

But the lead is surprsingly small

My latest projections are:

Barack Obama 44.77
John McCain 42.11

Adding the new Rasmussen poll gives Obama a lead of 2.66%. This is a relatively small lead that is barely bigger that would be expected if the national vote were tied. This should suggest that, even with both McCain’s anemic campaign and Obama ‘nominee’ bounce, the race remains a toss-up. This suggests that, as Obama’s honeymoon draws to a close, and it will draw to a close, the state of play will tilt in McCain’s favour, though he needs to make a lot of changes to his campaign.

NOTE: My methodology for my detailed polling projections involves collating all the available polls of likely voters and then filtering them through Samplemiser, a Kalman filter. I only used polls of likely voters because I believe that registered voter polls are inaccurate and systematically biased towards the Democrats. It is a sad reality of modern politics that the poorer and younger you are the less likely you are to actually turn out and vote on Election Day.

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Betting Journal: Marking to market

June 12, 2008

TPT marks his betting journal to market

I have decided to mark my contracts to market to give my readers an objective idea of how I am doing. I am using the last traded price as the ‘market’ price and I am avoiding any of the contracts that are of only fractional value and highly illiquid. My estimation is that of today, I have $629.75 in combined cash and assets, which is a return of more than 25% (actually 25.95%) since September 2007. The main contracts are: McCain to win the GOP nomination (worth $370.11), A Republican to become President (worth $114.24), Obama not to become President ($65.96), one of the ‘field’ to become Obama’s running mate (worth $30.80), James Webb to become Obama’s running mate ($20.20), the ‘field’ to take the White House ($7.20), the GOP to retake the house ($3.60), Mark Warner to become Obama’s running mate ($3.20) and $14.40 in cash.

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McCain ahead in Michigan (as of May 22nd)

June 11, 2008

But would McCain be ahead if the election was held today?

My latest projections are:

John McCain 44.05
Barack Obama 40.2

McCain beats both Obama and Clinton by 4.03%. This is good news because despite the fact that Michigan does not follow national trends a closely as other states (with an R2 of only 0.80), it has an intrinsic bias towards the Democrats of 2.35%. However, the last poll with likely voters was in late May so it may not be a particularly good indicator of the current state of play. If McCain can win Michigan, without putting Mitt Romney on the Republican ticket, then I cannot see how Obama can become President.

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Betting Journal: (nearly) closing my Clinton position

June 11, 2008

I sold 11 out of my 12 remaining contracts on Hillary Clinton winning the Democratic nomination. Even though Hillary has conceeded defeat and has released her delegates, the markets are quoting her at 4.8-4.9. At least part of this price involves the possibility of some tragic event, as both the combined bid and offer prices of all the Democratic candidates are greater than 100. As a bet on something dramatic happening to Barack Obama, it is both overpriced and something people that is extremely morally dubious. If one really wants to bet on some tape appearing then you would be advised to bet against Obama getting the nomination, because you would then get nothing if there was some sort of attack on him. Because of this sale, I have got $14.44 in free cash in my account.

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Obama takes the lead in Missouri

June 10, 2008

More bad news for McCain in Missouri

My latest projections for Missouri are (likely voters only):

Barack Obama 43.12
John McCain 42.35

Of course Obama’s lead of 0.77 is tiny and within the margin of error. However, as a point of reference, my polling data started on March 25th. In that case McCain lead by nearly 15% (14.78 to be exact) and since then it has pretty much been downhill all the way. Although Bush comfortably won Missouri in 2004, and also carried in 2000, it is one of the most reliable predictors of the national vote and has a only an infintesimal bias towards the Republican party. McCain’s downhill performance is symptomatic of a campaign that is stuck in third when it should be in fifth. Although I still think that the Obama bubble could potentially implode of its own accord, we could easily begin to see Obama’s lead at over 5% by the end of this month, which would be a real body blow for his campaign’s confidence.

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Does McCain need a new campaign manager?

June 10, 2008

Is this man leading McCain towards a possible defeat?

After spending some time looking at the Republican blogosphere I was struck by the fact that a general despondency has set in, with a consensus emerging that Obama’s victory is inevitable. I also noticed that there is increasing talk about 2012, indicating that some on the right are perpared to write this election off. Even though I still believe that Jeremiah Wright means that the Republican base will turn out against Obama, there is a possibility that if Obama’s lead gets too large both the base and the Republican commentators will begin to desert McCain, or spend all their time engaging in any orgy of recriminations instead of helping his campaign. Even Irwin Seltzer, one of McCain’s strongest supporters, seems to be changing his tune and now attacks both McCain and Obama for their energy policies in his latest article for the Weekly Standard (which itself is edited by McCain’s friend Bill Kristol).

As all of this is happening, McCain’s campaign manager Rick Davis complacently announced that the McCain campaign expects, and is implicitly going to tolerate, Obama leads of up to 10% by the end of this month. Now Rick Davis may have helped McCain in 2000 and got credit for getting him out of the hole he was in this time last year, although Davis may have played a role in creating such a hole, but I believe that the reason why McCain won the Republican nomination was due to Lieberman’s endorsement of him and because he was able to find a cause that he really believed in, namely the surge in Iraq. However, ever since McCain became the nominee, McCain has run a really uninspiring campaign. Indeed, every topic seems now to be out of bounds, for either fear of alienating ‘the base’, appearing a ‘warmonger’ or because there is something wrong with attacking Barack Obama.

Now, there may be some truth to the idea that McCain cannot move completely to the centre. It is a fact that the Republican Party cannot win without social conservatives, and McCain is genuinely pro-life. However, that doesn’t mean that McCain cannot talk about things such as closing tax loopholes, ending the bailouts of feckless investment bankers (not least because such bailouts are provoking calls for the sort of state intervention not seen since the 1970s) and talk about ending the revolving door between lobbyists and the bodies that are supposed to oversee them. McCain should also really push the few good policies that he has, such as his idea of a healthcare credit of $5,000 for each family. Even if the war in Iraq is as unpopular as some people seem to think it is, and when you throw national security into the mix I’d wager McCain comes out ahead on foreign policy, it is something that he obviously believes in and he is the kind of politician who cannot pander, without appearing cold, insincere and passionless. Indeed, on domestic policy McCain must be the first politican in history who thinks he can win by running away from the centre at a time when the polls indicate that people are crying out for a more moderate approach to govenrment.

Even though the Republican party has a shameful history of race baiting adverts, with the disgusting campaign against Harold Ford Jr in 2006 and the immigrant bashing elements in the 2007 special election only one many recent examples, there is nothing wrong with attacking Obama on the issues. There is no reason why McCain, who himself was the victim of a racist smear in 2000 involving his adopted daughter, cannot attack Obama on his multiple positions on Iraq, or his addiction to earmarks, just as he would have done if Hillary Clinton had been the nominee. Of course, it would be utterly wrong to follow elements of the Republican party or Bill Clinton into the gutter or to himself hit Obama below the belt, (and he has a duty to disavow those who try to do so) but he must be able to respond to Obama’s attacks on his policies and throw a few punches (though strictly no elbows) of his own. He also needs to respond when Obama makes unfounded accusations of dirty tricks on the part of him and his surrogates. Indeed, my cynical view is that a large number of Republicans want McCain to unilaterally disarm and refrain from any negative campaigning so they can continue to use dog-whistles and smears in future elections.

Therefore I think it is time for McCain to fire Rick Davis, along with Charlie Black and the rest of his team (though keeping Bloomberg’s and Schwarzenegger’s staff would be tactically wise). After all, Charlie Black’s major experience, apart from getting kicked off the Reagan campaign team in 1980 was Bush Snr’s anaemic re-election campaign of 1992, to which the McCain campaign is starting to bear an uncanny resemblance to. I’m not an expert on Republican party strategists, and I wouldn’t advise him to pick a paleo-conservative such as Ed Rollins, but my personal suggestion would be for either Bill Kristol to leave the Weekly Standard or for Marshall Wittmann to leave Lieberman’s office and for someone like Dick Morris to be in charge of speechwriting. Of course in this case, Dick Morris would need someone above him to stop him if he tried to get McCain to change his views on Iraq, but at least half of his strategic advice is very good. If McCain can make these changes, I could not see how he’d lost, but if he carries on for two long the election could easily turn into a tossup, forcing me to downgrade his chances of victory to 70%.

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Could this be McCain’s running mate?

June 9, 2008

Would Giuliani be a good choice for McCain?

One of the more interesting choices McCain could make is to choose Giuliani as his running mate. There are some obvious upsides to such a choice. Giuliani would boost McCain in the North-East and would definitely help him win New York State, which would be a crushing blow to Obama. Giuliani would also have the credentials to take Obama on over national security, especially given Jeremiah Wright’s comments. He would also help with Rockerfeller Republicans and possibly even Hillary voters. Giuliani is also a good debater and would effective engage whomever Obama selected as his running mate. Even Giuliani’s problems with cancer and his disastrous perfromance during the primaries ironically make him less of a threat to those Republicans who would like to succeed McCain. Given that Giuliani has kept an extremely low profile since January it could be argued that his selection would be somewhat of a surprise and would generate some buzz for the ticket. There is also the sense that Giuliani, especially at the height of his campaign had a sense of optimism that its lacking from the GOP and could bolster McCain on domestic issues. All of these factors make the former Mayor of New York good value at a price of 2.7-4.7 on Intrade.com.

However, there are three main problems. The first problem is that putting him onto the ticket will reopen the whole IAFF business. The second problem is that selecting Giuliani would really hurt McCain along with Evangelical voters, and it might put some of the Appalachian states into play. Finally, and most seriously there is the whole question of Giuliani’s business connections since September 11, especially his links with various Arab governments and shady figures. It should be assumed that the Democrats have a lot of opposition research material on Giuliani that they are just waiting to unleash. If (or maybe when) the Democrats do so, Giuliani (unlike Clinton) could not count on the backlash against ”the right-wing (or in Giuliani’s case left-wing) conspiracy. My view is that Giuliani’s chances of being McCain’s running mate are still around 10%, or at most 15%.

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Dick Morris gets it

June 9, 2008

TPT looks at Dick Morris’ recent article on Iraq

I have to say that I have mixed feelings about Dick Morris. On the one hand I deeply disagreed with his call for Bush to begin drawing down the troops last summer, especially when he suggested that Bush do so with the unspoken aim of leaving Hillary Clinton with a mess that would make her a one term president. However, he did guide Bill Clinton to a victory in 1996 and turned Mike Huckabee into a very temporary frontrunner, despite a nutty tax plan. However, I think that his latest article for the New York Post is one of those extremely astute. Firstly, he makes the point that I have made repeatedly, namely that McCain needs to go on the attack over Iraq. Morris states that, ‘John McCain needs to go on the offensive against Barack Obama over the Iraq war…The key is to force Obama to face these dangers (of withdrawal)- and explain what he’d do’.

Morris also make the interesting suggestion that, ‘Obama basically has to say that he’d keep our troops in the region. Voters can be excused for not seeing much difference between keeping them in Iraq and in Kuwait – especially when pulling them even back to Kuwait makes their return to Iraq seem almost inevitable’. Like Morris, I can see Obama being cynical to pull a similar sort of stunt (I can also see the Democrats having the chutzpah to suggest that the situation is stable enough for drastically reduced troop levels to satisfactorily contain the situation). In that case, McCain has to keep on the offensive and expose such a plan for the sham that it is. Although some support functions could probably be relocated to Kuwait, there is no way that America (or any of the other allies) could keep stability in Iraq by making the occasional sortie from outside the area. The fact that the British, who initially tried this sort of triangulation, still have 4,000 troops in Iraq itself.

I am also going to put my neck out on the line McCain and state that McCain should also steal the agenda by arguing for a temporary halt to withdrawals from the region. This would burnish his national security credentials, discourage any attempts at an ‘October offensive’ by Al-Qaeda or Iran and differentiate himself from Bush. It would also stop the Democrats trying to use complacency as argument for withdrawals. Finally, it would also make it difficult for Obama to move to the centre on national security. Most importantly, it would be the right thing to do since it would help accelerate Iraq progress and probably make McCain’s ambitious goal of a normalisation by 2013 even more likely.

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Is this the right strategy for McCain?

June 8, 2008

TPT evaluates the McCain team’s strategy

The National Review Online has the salient points from a conference call with Rick Davis, the campaign manager for the McCain campaign. If this is true then it provides an interesting window into the strategy that McCain’s is going to employ. Before I begin to take his strategy apart, I have to say that there are some good points. It is good that McCain is managing to catch with Obama in terms of finances, it is also good that his campaign is targeting Pennslyvania, Michigan, Pennsylvania, Wisconsin, Minnesota, Oregon, Delaware, Maine (!!) and maybe even California. The problem is that his campaign is demonstrating a large degree of complacency regarding both Hillary Democrats and the election at large. Saying that Obama can run up a 10% lead is not so good.

I would also like to see McCain’s team realise that they need to keep the focus on, not away, from Iraq. Obama might be leading McCain on McCain’s own surveys but when you combine this with McCain’s huge lead on national security/terrorism, I would guess than McCain comes out ahead (although I would have to see the breakdowns). lt would also be good for the McCain team to make the leap from acknowledging that the economy is bad for them to moving McCain to the centre and maybe injecting a little bit of 2000 style populism into the campaign. However, his strategy could be worse and there is nothing in there which suggests that they are going to go completely off the rails, Giuliani style. Overall: a B-.

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Which running mate should McCain fear the most?

June 7, 2008

My view on the top ten running mates for Obama

Now that Obama is going to be the Democratic nominee, I am going to give my views on who should be his running mate – or more accurately who I, as someone who has a lot of money staked against the Senator, fear the most. Although all of them are plausible, the emphasis is on electability, not likelihood of being chosen.

High (possibly devastating) Threat

1. Michael Bloomberg – Bloomberg would be a perfect pick for Obama. It’s not just that he’s Jewish, or a prominent figure in the North-East, its that his liberal economic and social views will attract independents and force McCain to work harder to retain the support of economic conservatives. If Bloomberg put a fraction of his personal fortune into the campaign he could probably throw enough money to put some of the states that McCain is targeting out of play. Fortunately, for the GOP Bloomberg’s decision to send his campaign manager to help out at the GOP convention suggests that he may be looking toward Albany rather than Pennsylvania Avenue.

2. Collin Powell – If there is one Obama leaning Republican who has the potential to boost Obama it is Collin Powell. His military experience would really boost the Obama ticket and undo most of the damaged caused by Wright. His involvement in the Iraq War means that it would be very difficult for McCain to attack Obama as weak on foreign policy. He seemed to be leaning towards Obama in the primaries but will he really stick a knife into the back of his longstanding friend John McCain – especially to benefit someone who sat mute in the pews while Jeremiah Wright ripped into, ‘those who live below the level of Clarence Collin and Condamnesia’.

Moderate to High Threat

3. Mark Warner – Southern, moderate and with executive and business experience, Warner’s selection would help Obama move to the centre and assuage fears that he would move America in a direction that was too radical for the population at large. It should also be remembered that before Obama was seen as a serious candidate, Warner was the ‘candidate of change’. The only downside is that he has a serious shot at the nomination in 2012 (since a Warner/Ford ticket would be unbeatable) and may prefer to sit out this contest in favour of four years in the Senate.

4. Hillary Clinton – Clinton is obviously divisive and is scheming. However, putting her on the ticket would bring to mind a certain phrase of LBJ’s involving tents and bathrooms. She would obviously bring Hillary Democrats on board and her emphasis on economic issues would be the correct campaign strategy. It would also signal that Barack Obama might even be serious about his recent rhetoric about Israel. The only problem is that both candidates have backed themselves into a situation where an Obama/Clinton ticket would involve a serious loss of face. Personally, I don’t think Hillary Clinton wants the job since she is prepared to take her chances with 2012. There is also the small issue of the comments that she made about Obama’s readiness for the job of Commander-in-Chief.

5. Chuck Hagel – Hagel clearly has slipped the moorings of the Republican party. He also opposed the War in Iraq and would make the case that Obama is serious about working across the aisle. However, like with Collin Powell, the question is whether he will leave the Republican party right at the moment a moderate triumphs.

Moderate Threat

6. Bill Richardson – Richardson’s selection would probably nail down New Mexico for Obama and possibly even Nevada and Colorado, forcing McCain on the offensive. It would also be harder to run a negative campaign against an Obama/Richardson ticket. However, he ran a dismal campaign this time around and he withdrew his name from consideration in 2004 in mysterious circumstances, indicating that he may have some skeletons in his closet.

7. James Webb – Webb is aggressive, populist, has strong military credentials and definitely has an appeal to Appalachian voters. However, he creates as many problems as he solves. Although the charge of misogyny is pretty much unfair, as even Condi Rice is no fan of women on the front lines of the military, this will definitely be used by discordant Hillary supporters as an excuse to support McCain. There is also the question of whether Webb’s paleoconservative outlook is really what the campaign wants, given that Obama has decided to walk away from his more outrageous foreign policy blunders. It should be noted that Webb also relied on refugees from the DC area and in Northern Virginia generally to deliver victory in 2006.

8. Ken Salazar – Salazar would have the benefits of Bill Richardson, while nailing down Colorado rather than New Mexico. The only problem is that, like Obama, he only spent four years in the Senate (although unlike Obama he had a successful career as the attorney general’ of Colorado).

Weak Threat

9. General Wesley Clark – Even though Obama has evidently started to realise that he needs to moderate his foreign policy positions the would be well advised to pick someone who has impeccable foreign policy credentials. However, Clark ran an uninspiring campaign in 2004 and his loyalties might lie with a certain Senator from New York.

10. Ted Strickland – The Governor of Ohio would be a strong choice because he could deliver a very important state and really put a stick in the spokes of Republican strategy. However, his national profile isn’t really that large and he does nothing to swing Pennsylvania or other key states.

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What will the ‘Hillary Democrats’ do?

June 6, 2008

Which man will they stand behind?

A lot has been written about the hardcore Hillary supporters and whether they will carry out their threat to support McCain instead of Obama. From what I can gather these fall into three categories; affluent (and so not affluent) female supporters who supported her because they wanted to see a women in the White House, working families who agreed with Hillary on trade and healthcare and voters who were more anti-Obama than pro-Clinton. The most interesting of these groups is the first group, since they are a component of the Democratic party that Obama should have been able to take for granted. These supporters, epitomised by the website ‘Hillary is 44′, with their pistols in the hem of their pantsuits, have supposedly been flooding McCain phonebanks and pledging support. Indeed, the extract above demonstrates their current mood at the moment. The question is whether McCain can retain their support while making sure he can use values issues to win over the latter two groups.

My view is that many of them will probably return to Obama, but not before they have donated money to McCain, giving him a nice boost in funds and forcing Obama to spend time, money and political capital. I also believe that McCain should quietly use his more socially liberal supporters, such as Rudolph Giuliani, Susan Collins and Olympia Snowe to recruit some of them, while making sure that his campaign initally focuses on ’soft values’ (such as pornography and lewdness), rather than abortion and gay marriage, for as long as possible. In contrast, Obama needs to use his female surrogates and put as much pressure as possible to get Hillary Clinton out there and start corralling her supporters, though he should leave the ‘Chicago-style’ diplomacy to others, considering what happened with Lieberman.

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Obama’s ‘Chicago-style’ diplomacy falls flat on its face

June 6, 2008

Is the 20/1 available at Ladbrokes now even better value?

I admit that my conviction that Joe Lieberman has a good chance of becoming McCain’s running mate, especially after his decision to attend a conference with Hagee, is becoming somewhat of an obession. However, if it doesn’t represent a stunning repudiation of Obama’s attempt to strong-arm the Connecticut Senator, it raises some very serious questions about whether others will follow Lieberman’s lead and cross party lines to endorse McCain. Of course, this will work both ways, with Chuck Hagel’s wife sending money to Obama but my view is that, short of Bloomberg or Powell crossing party lines (and both of them seem to be moving back to McCain) there is no single Obama surrogate with the moral force and cross-partisan appeal of Joe Lieberman. Indeed, I would now put Lieberman’s chances of being McCain’s running mate at evens again.

The reaction from Daily Kos has been predictably caustic, but one of the posters made the interesting point that the Democrats might not be able to punish Lieberman (except by throwing him out of the caucus) because the committee chairmanships are set out by the same operating agreement that gives the Democrats control of the Senate, making Barack Obama’s threat quite empty. Interestingly, Lieberman’s last traded price on Betfair (Lieberman is not available on Intrade) is now 11/1. This makes the 20/1 available at Ladbrokes really good value. Having spent a lot of time talking about Lieberman I think it is important to emphasise that there are other potential running mates for McCain, and I will try and shift my focus away from Lieberman, unless something else noteworthy happens in the meantime. I will be publishing articles on Huckabee, Rice, Giuliani and maybe some others in the next seven days.

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What should Lieberman do?

June 5, 2008

Why Lieberman needs to come out with guns firing

The people at Daily Kos are crowing over an alleged altercation between Obama and Lieberman. There are several different versions but apparently Obama gave Lieberman a strong talking to on the Senate floor. This has led people to specualte that Lieberman has been given an ultimatum to either stop supporting McCain, or to lose his committee assignments (or worse). However, Lieberman clearly passed the point of no return in December and he is living in a fool’s paradise if he thinks that there is any way he will keep his committee chairmanship under President Obama. In any case, the recklessness of Obama’s foreign policy would make such a chairmanship not worth having under an Obama presidency. Even if this were not so, a capitulation to Obama would be to surrender his self respect to someone who is young enough to be his son.

My view is that Lieberman should call Obama’s bluff and continue his role as a McCain surrogate, only he should stop pulling his punches and really go after Obama. Lieberman’s civil rights background gives him the necessary cover against any criticism he will garner for attacking Obama’s inexperience, insincerity and misguided views on foreign policy. Just as Bill Clinton proved that hitting below the belt will (rightly) ailenate people, his wife proved that if Obama is engaged on the issues he will fold. Indeed, Hillary Clinton’s failure to get the nomination also shows that failing to engage Obama is a path to sure defeat. Contrary to conventional wisdom, Lieberman is an effective attack dog, as he showed in his criticsim of Mitt Romney in Florida. The only thing Lieberman should not do is overly complicate things or attempt to hedge his bets.