It's About Coalitions, Not Purity, Part Forty-Seven

The Chickens Come Home To Roost, But It's Too Hot In The Hen House ... The Financial Meltdown, Part 4

Before getting into further information on the financial crisis that was then developing, the political situation was not at a standstill. 

The 2008 Democratic Party nominating process: the two main Democrats involved were Hillary Clinton, a U.S. Senator from New York, and Barack Obama, a U.S. Senator from Illinois. Clinton, the wife of former President Bill Clinton, started the race with a decided advantage, as she was well known, and both she and her husband remained popular among traditional Democratic constituencies, like many labor unions, non-union working class voters, older white voters and moderate Democrats. Bill Clinton had been very popular among black Americans, but the draw of a highly viable man of black heritage, Barack Obama, was a difficult challenge for the Clintons, and it cut into what would have likely been a staunch Clinton group of supporters, and Clinton's likely nomination, had Barack Obama not run for president at that time. On the other hand, many Democratic women voters were immensely excited about Hillary Clinton's candidacy. Besides black voters, Obama had a good deal of support from highly educated voters, younger voters and many liberals. Supporters of both candidates were encouraged by the rough political landscape for their Republican opponents, so that if they could get their candidate nominated, they felt there was a good chance that candidate would win the presidency in November, given the unpopularity of George W. Bush, the then Republican president. Further the 2006 election had given Democrats control of both houses of Congress, leaving Republicans reeling. It would get worse for Republicans.

The early results gave Obama a surprising win in the Iowa Caucus, which temporarily gave him a major boost in the nation's first actual primary election, New Hampshire. In the end, Clinton won a close race in New Hampshire, and the tough quest for the Democratic nomination between Clinton and Obama accelerated. A big endorsement for Obama came from Senator Ted Kennedy and his niece, Caroline, who was the daughter of John F. Kennedy, the president assassinated in November 1963 (Ted Kennedy was the brother of the former president). As the primary and caucus season drew to a close, Barack Obama had a lead of less than a hundred delegates over Hillary Clinton, but Obama then got pledges of support from further delegates, giving him sufficient delegates to win the nomination at the Democratic National Convention in Denver in late August.

On the Republican side, the major candidates were: former New York City mayor, Rudy Giuliani (a former Democrat, and then independent), Mitt Romney, who was just leaving the governorship of Massachusetts, John McCain, a U.S. Senator from Arizona and Mike Huckabee, who was just leaving the governorship of Arkansas. When the Republican nomination process actually started, Giuliani melted down, then Romney faltered, while McCain and Huckabee became the main remaining candidates. Huckabee won the Iowa Caucus, and McCain won the primary in New Hampshire. After a mixed showing by both Romney and McCain in the following states, McCain pulled out a narrow, but big win in Florida, bringing Giuliani to withdraw from the race. McCain gained major momentum, and Romney soon quit the race, leaving only Mike Huckabee to contest McCain, but the Arizona senator won enough delegates by early March, and the nomination was his.

McCain had been able to draw from various parts of the Republican Party, but more traditional type Republicans increasingly favored him. Giuliani's "major" candidacy never materialized, and Romney's loss to McCain in New Hampshire (neighbor to Massachusetts) hurt him and gave McCain a big boost. Mike Huckabee was supported by many evangelical Christians and very conservative elements, including many Southerners, who fit into both of those categories.

Barack Obama chose Senator Joe Biden of Delaware for his vice presidential running mate, and John McCain chose Sarah Palin, the governor of Alaska. Biden, long a member of the U.S. Senate (elected in 1972!), helped Obama with long time Democrats, especially white working class Democrats and independents, and his long experience in government and foreign policy in the Senate, helped to balance Obama's short time in government and on the national stage. Palin proved to be controversial, although she helped McCain with more conservative elements of the GOP, including evangelicals, and she likely also helped with women voters. Palin, however, was not well known nationally, and her introduction to the country made a negative impression on some, and a majority of Americans either felt she was not qualified to assume the presidency if need be, or they felt uncertain as to her qualification to do so. Two significant things happened when Palin did interviews. First, when interviewed extensively on television by Katie Couric, then with CBS, Couric asked Palin what newspapers and magazines she read. Her general response, that she appreciated the media and that she read all of them, brought Couric to ask her to name some, but she couldn't do it. That scene and her seeming lack of knowledge even about John McCain during the interviews, including about his views on the economy, which was reeling at that time, left a negative image of Palin. Secondly, while comics took this out of context, Palin was asked by Charles Gibson (ABC) about what she had learned by living so close to Russia,* and she mentioned that Alaska and Russia were neighbors and that you could actually see Russia from one of Alaska's islands. Comedians, to the delight of Democrats, quickly turned this into Palin claiming that the fact that she could see Russia from Alaska gave her foreign policy experience, something she did not claim, although her answer did seem to say that being able to see Russia was important, but without further explanation.           

So the stage was set for the election of 2008.  

* Alaska and Russia are very close in places, something many people may not know. 

WORD HISTORY:
Parable-"Parable" is related to "parlor" ("room for sitting and talking") and to "parley" (to speak, to converse"). The first part of the word, "para," goes back to Indo European "per/pr," with the notion of "forward, off, away from, beyond, beside." "Para-" is distantly related (through Indo European) to English "for," "for-" and "fore-," all from native English forms from Old Germanic. The main part of the word, distantly related to "ball" (the form meaning, "a dance"), goes back to Indo European "gwele/gwela," with the notion of, "bubble up, rise up, overflow, throw outward or upward." This gave Ancient Greek "ballein," ("to throw"), which produced, "bole," meaning, "a throw, a toss," and the two parts gave transliterated Greek "paraballo," meaning, "a toss beside;" thus, "side by side;" thus, "a comparison." This was borrowed by Latin as "parabola," also meaning "comparison," which then passed into Old French, a Latin-based language. English borrowed the word during the 1200s, initially as "parabol," which became "parable" about one hundred years later, with the meaning, "a story used to compare to another story in meaning." The word has often carried a religious component to it from translated Biblical usage.