Maybe. The one bright spot is the Dems will have to eat this whole financial mess themselves. Many financial folks think this is going to take several years to fix, so the market downfall will hog-tie the entire agenda of whoever is President. No money for Dems and an electorate hostile to new taxes will stop them from doing anything productive.
And by the time 2012 rolls around, it will ALL be the Democrats fault.
No. It will serve as cover for socializing the balance of the economy. Seriously, when was the last time the dems stopped, scratched their heads and said, "Maybe we're going about this the wrong way"?
Instead, what they do is exactly what they were doing before only more vigorously.
Do you think the Obama Truth Squads that will be moving into the DoJ will tolerate any alternative narratives on the Fannie/Freddie scandal while the dems blame it on the GOP and vow to make sure no other US sector of the economy is allowed to be deregulated ever again?
Do you think in a money crunch they're going to spend $10 billion/month on the war or are tehy gonna get on TV and say we can't afford it and their sweeping new healthcare reform plan?
Do you think missile defense will survive? If it doesn't do you think Obama will pre-empt Iran or negotiate?
Looking forward to tens of billions being sucked-out of the economy to fund fairy tale alternative energies while the OCS, ANWR and Green River shale sit untapped wiht money pouring into the ME and no new US jobs?
Why defend the border when you can let in 20 million new democrat voters and multi-culturize them honky rednecks to death?
These are rhetorical questions, of course; and I have faith in your answers...
...it's McCain that doesn't seem to have a @#$%ing clue.