Fortune magazine asked Barack Obama about what he sees as the most serious long-term threat to the U.S. economy. His answer sounded pretty good: “If we don’t get a handle on our energy policy, it is possible that the kinds of trends we’ve seen over the last year will just continue. Demand is clearly outstripping supply. It’s not a problem we can drill our way out of. It can be a drag on our economy for a very long time unless we take steps to innovate and invest in the research and development that’s required to find alternative fuels. I think it’s very important for the federal government to have a role in that process.”
Fortune also asked John McCain. (via Kevin Drum)
“Senator, what do you see as the gravest long-term threat to the U.S. economy?” That was the first question we put to John McCain when he sat down for an interview with Fortune on a sunny afternoon in June…. [W]e were asking McCain to rise above the news and look ahead to the day seven months from now when, he hopes, he’ll be sitting in the Oval Office. We wanted to know what single economic threat he perceives above all others.
McCain at first says nothing…. He’s looking not at us but into the void. His eyes are narrowed. Nine seconds of silence, ten seconds, 11. Finally he says, “Well, I would think that the absolute gravest threat is the struggle that we’re in against radical Islamic extremism, which can affect, if they prevail, our very existence. Another successful attack on the United States of America could have devastating consequences.”
Now, I can appreciate the fact that terrorism can obviously have a real effect on an economy. But McCain seriously believes that radical Islamic extremism is not only the most serious long-term threat to the economy, but to “our very existence”?
I’m certainly not prepared to argue that America doesn’t have dangerous enemies; we do. It’s just that the politics of fear can lead to a certain unhealthy hysteria. The notion that, at most, several thousand religious nuts with no military equipment and practically no land, could seriously threaten “our very existence” is ridiculous. The idea that these same violent lunatics represent the “gravest long-term threat to the U.S. economy” isn’t much better.
There were clearly more appropriate answers to the question. Kevin noted that McCain — after a striking 11-second delay — “apparently can’t come up with any better answer to Fortune’s question about economic threats. Not energy, not high taxes, not runaway entitlement growth, not healthcare, not globalization, not any of a dozen plausible answers that would have gone down fine with his base.”
Wait, it gets worse.
The McCain campaign also believes, and is willing to concede publicly, that additional terrorism before the election would give their chances a boost.
On national security McCain wins. We saw how that might play out early in the campaign, when one good scare, one timely reminder of the chaos lurking in the world, probably saved McCain in New Hampshire, a state he had to win to save his candidacy – this according to McCain’s chief strategist, Charlie Black. The assassination of Benazir Bhutto in December was an “unfortunate event,” says Black. “But his knowledge and ability to talk about it reemphasized that this is the guy who’s ready to be Commander-in-Chief. And it helped us.”
As would, Black concedes with startling candor after we raise the issue, another terrorist attack on U.S. soil. “Certainly it would be a big advantage to him,” says Black.
Making this kind of acknowledgement can be politically tricky. I know Black isn’t suggesting that he’s hoping for another attack because it might benefit his candidate, but these kinds of concessions are wrought with political peril.
It’s why Fortune noted the “startling candor.” When asked if a terrorist attack would benefit one candidate over another, the appropriate response is to say electoral considerations pale in comparison to the seriousness of terrorism. Instead, McCain’s campaign manager chief campaign strategist effectively said, “Yep, terrorism would be good for us.” It’s a politically-tone deaf remark.
And it also happens to be substantively dubious. The Bhutto tragedy in December didn’t affect McCain’s standing in the polls at all — he still struggled in Iowa, and excelled in New Hampshire — and it’s hard to understand why the policies that were in place before an attack should be continued for four more years after one.