Irrelevant and Academic
It is almost to the point where it is almost academic which side wins the election.
Over at Bayou Renaissance Man, Peter makes the case that the economy is in such a state that whoever wins will be constrained by the box we are in, no matter what.
I suspect that the reason neither Sarah Palin nor Paul Ryan ran for POTUS is that they see it coming – and don’t want to be blamed for it. As whoever is “in control” when it all hits the fan, will be blamed for it by the general population – and their party will, too.
It’s a dilemma: Conservatives want control in order to try to save the country from the incredibly irresponsible financial policies of liberals, among other reasons; but if they can’t turn it around in time, the conservatives will probably get the blame, if they win the election. Because there is a significant possibility of collapse within the next administration’s term.
The converse is also true. If Obama wins, the liberals will take the heat.
So it really is going to be interesting to watch; the same way watching an alligator eat a goat is fascinating. Horrible, but you can’t take your eyes off of it.
ADDENDUM: New article over at Bayou Renaissance Man: Waiting for the Collapse. READ THIS ARTICLE.