Bill Clinton’s “it’s the economy, stupid” mantra guided his successful campaign in 1992. By “economy” of course he meant domestic, bread and butter issues. But there’s more to it than that. As Josh Marshall points out in today’s TPMtv one of history’s clearest lessons is that the basis of national greatness and world leadership isn’t just a strong military. It’s a strong economy. Military prowess is dependent on economic prowess.
GOP economics has led to massive debt and instability that threatens the pre-eminence of the US economy. Yet John McCain’s focus remains on narrow, military, tactical victories in Iraq and elsewhere. He acknowledges an ignorance of economics–as if such things are beneath him. That makes him, as Josh Marshall says, unfit to lead.
Osama bin Laden understands this concept. In November 2004 he said in a videotape:
“We are continuing this policy in bleeding America to the point of bankruptcy.”
Fortunately bin Laden’s mission is not yet accomplished, but Bush/McCain have taken the bait.