From David Yepsen, at Wall Street Journal, "No matter the outcome, Ron Paul's strength indicates a resurgence of the libertarian and isolationist wings of the Republican Party":
This race feels a bit like 1980. Democrats and some pundits tee-hee about the "dwarfs" in this race, but perhaps their snickers are premature. Can "has-been" politicians stage comebacks? Yes. Can new stars emerge? Yup. With the right candidate, can the party pick off a sitting Democratic president with weak poll ratings? You betcha.Continue reading.
Some insights to consider as the contest enters the final days:
• No matter the outcome, Ron Paul's strength indicates a resurgence of the libertarian and isolationist wings of the Republican Party. Hard times and unpopular wars will do that.
It's always wise to watch which candidate is attracting new people because they—or their message—are on to something. That was true with George McGovern in 1972 and Pat Robertson in 1988. In this race, the one candidate attracting hordes of new people is Mr. Paul. Many of them are young—and while Mr. Paul is unlikely to become the GOP nominee, those young adults will mature into a political force, just as Mr. McGovern's antiwar factions and Mr. Robertson's religious conservatives have done.
• The Iowa contest will also help the party chart its course on immigration—and it may not be a successful or wise one. Candidates are falling over themselves to bash illegal immigration.
While that plays well to GOP activists, it fuels the fire of nativism that burns so hot inside the GOP today. It also alienates people of Latino ancestry and is driving them and their children into the Democratic Party. That shift will have a huge impact in the fall campaign, since many toss-up states could be decided by the votes of Latinos.
You'd think the GOP would learn. Just as the Yankee Brahmins drove the Irish into the Democratic Party generations ago, many GOP leaders are pushing Latinos there today.
• Too much is made of the power of social conservatives, perhaps because both politicians and pundits tend to fight the last war. Polls show that only about 40% of likely caucusgoers describe themselves as evangelicals or born-again Christians. That would mean 60% aren't. (In 2008, some polls had it 60%-40% the other way.)
Yepsen warns that the GOP could end up like McGovern in '72 --- getting clobbered in a landslide of epic proportions. But I'm not down with that suggestion. A conservative candidate --- I'd prefer Michele Bachmann --- can beat the president by hammering the administration on the economy. Progressives laugh when they hear such stuff, but hubris will do them in, and the president's the most hubristic of all.
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