GOODS (CONT)


The core dynamic driving the 2004 campaign is this: George W. bet his presidency on two dubious, high-risk propositions, and he lost on both. First, he assumed that top-down tax cuts and other regressive, wealth-shifting measures would be sufficient to restore a prospering economy. Second, he decided after 9/11 to become the President of permanent war. As recently as nine months ago, this looked like a sure winner to the White House. Republican insiders assumed an easy re-election would be buoyed by the return of "good times" at home and patriotic fervor for triumph in Iraq. Wrong on both fronts.

When the opposite occurred, Bush was trapped by his own concocted image of Churchillian tough guy. It's too late to change, so Bush's best shot now is destroying Kerry. The President cannot acknowledge the disappointing results in Iraq or the struggling economy without diminishing himself. Plus, a lot of people have figured out that the man tells lies--big lies--or, worse, is not capable of handling hard facts and adjusting his policy accordingly.

In short, can people any longer trust this guy--not just on personal honesty, but his sense of judgment, his competence as President? That killer question is now stalking the Bush II regime. I discern (wishfully, perhaps) that the Kerry campaign understands that this contest will pivot on the public's declining trust in the President and is poking relentlessly at this vulnerability in different ways. I wish Kerry would put the attack more forcefully but, who knows, maybe he is right not to get too personal or, like Bush, hit below the belt.

The question of trust also threatens the right-wing agenda for governing. Bush's people assumed--correctly, it seemed--that an inert, alienated people would tolerate his conservative reforms, whacking away at long-established liberal government and social values, in deference to the popular war leader. But now the people are aroused and agitated by Bush's failures to deliver on his two big bets. He can still trot out the right-wing ideas again if he chooses--dismantling Social Security, taxing work and consumption instead of capital and corporations. But these radical propositions are burdened now by the same question: Can we believe anything this guy says? In any case, Bush's bizarre ideological convictions do not speak to what's on people's minds--the open-ended war and the faltering economy. Bush's great challenge is to divert people from the hard facts of his presidency and get them to focus on a set of fantastic smears of his challenger.

The intensity of this contest has put the Republic in fragile, possibly dangerous, circumstances. The Bush crowd is smart and skillful, and above all devious. They have demonstrated that to hold on to power, they will do anything. In the background chatter of Washington, a real worry is expressed that the White House might put the bombers aloft and strike somewhere in a supposed emergency -- maybe take out Iran's nuclear program? -- to change the subject big-time and to scare the bejeezus out of American voters just before the election.

Normally, I wouldn't take such talk seriously. But when I consider Bush's dilemma and all that's at stake, I begin to think these fears are not implausible. In a newly concocted crisis, would anxious Americans stampede to the President's side? Or would they see through the cynical charade and toss him out? I would bet on the latter, but I wouldn't bet the whole farm.