Thursday, June 5, 2008

Betting On McCain Or Obama


Weirdly, one can bet money on an online Wall Street Journal site as to which candidate will win the election. I kid you not. The current bets are:

Obama 59.8%

McCain 36%

So what the heck does that mean? It means that people who think they represent the "smart money" think that it is not very likely that John McCain is going to win the Presidential election. And if he is not likely to win, they may well decide that the smart thing to do is to invest in the Democratic Party and to start re-tooling their connections with Democrats and recast their corporate image as "clean and green" and socially responsible. A lot of that will of course be absolute bullshit. But in the process, some good will get done and some changes are more likely to happen. Politics is the art of the possible, not ever the attainment of the ideal. But a nice 24 point spread between Obama and McCain?

That's going to make it a lot easier for Obama and the Democratic Party to raise enough money to fight off the hard core rightwing special interests.

Arthur

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