November 03, 2008 Issue 
Copyright © 2008 The American Conservative
Francis Fukuyama       PDF 




 
I’m voting for Barack Obama this November for a very simple reason. It is hard 
to imagine a more disastrous presidency than that of George W. Bush. It was bad 
enough that he launched an unnecessary war and undermined the standing of the 
United States throughout the world in his first term. But in the waning days of 
his administration, he is presiding over a collapse of the American financial 
system and broader economy that will have consequences for years to come. As a 
general rule, democracies don’t work well if voters do not hold political 
parties accountable for failure. While John McCain is trying desperately to 
pretend that he never had anything to do with the Republican Party, I think it 
would a travesty to reward the Republicans for failure on such a grand scale.
 
McCain’s appeal was always that he could think for himself, but as the campaign 
has progressed, he has seemed simply erratic and hotheaded. His choice of Sarah 
Palin as a running mate was highly irresponsible; we have suffered under the 
current president who entered office without much knowledge of the world and 
was easily captured by the wrong advisers. McCain’s lurching from Reaganite 
free- marketer to populist tribune makes one wonder whether he has any 
underlying principles at all. 
 
America has been living in a dream world for the past few years, losing its 
basic values of thrift and prudence and living far beyond its means, even as it 
has lectured the rest of the world to follow its model. At a time when the U.S. 
government has just nationalized a good part of the banking sector, we need to 
rethink a lot of the Reaganite verities of the past generation regarding taxes 
and regulation. Important as they were back in the 1980s and ’90s, they just 
won’t cut it for the period we are now entering. Obama is much better 
positioned to reinvent the American model and will certainly present a very 
different and more positive face of America to the rest of the world.  
 
Francis Fukuyama is a professor at the Johns Hopkins School of Advanced 
International Studies.
 
http://www.amconmag.com/article/2008/nov/03/00020//
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