The New Yorker editorial on why the election matters…

“The election of 2008 is the first in more than half a century in which no incumbent President or Vice-President is on the ballot. There is, however, an incumbent party, and that party has been lucky enough to find itself, apparently against the wishes of its “base,” with a nominee who evidently disliked George W. Bush before it became fashionable to do so…”

“In Washington, the craze for pure market triumphalism is over. Treasury Secretary Henry Paulson arrived in town (via Goldman Sachs) a Republican, but it seems that he will leave a Democrat.”

Read the full story here.

Peter Fray

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