by Steven Jonas, MD, MPH
crossposted on Buzzflash.com
July 24, 2010
I just saw “Inception” — a great, highly imaginative movie about the alternate reality of dreams. And so I got to thinking. Suppose the barons of the Fed and Wall Street had been able to do just a bit more of their behind-the-scenes legerdemain (which, we continue to find out, goes on all the time) and postpone the September 15, 2008 Lehman Brothers meltdown until, let’s say, November 7, 2008. That would have been a couple of days after the 2008 election and, funnily enough, on the Gregorian calendar the 91st anniversary of the Russian Revolution. As it happened, McCain had overtaken Obama in the polls by mid-September 2008, when the bankruptcy did occur, with the subsequent collapse of the real estate bubble, the subsequent collapse of the economy, the Paulson/Bush first bank bailout, and so forth and so on.
But if the collapse had not occurred then, if it had somehow been postponed until after the election, if McCain had maintained the momentum that he had had in mid-September, Obama’s best rhetoric to the contrary notwithstanding, the aging cancer survivor might actually have become President. (And guess who would have been Vice-President.) And so, let’s look at a list of what might have happened in that alternate reality of a McCain Presidency, comparing it to what has really happened under the Obama Presidency. Has to be a big difference, no? After all, the (remaining) Obama supporters and the Democratic Leadership Council (http://www.dlc.org/) tell us so.
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