Howard Wolfson Declares Race Over

Wolfson writes:
Perpetually fretting Democrats will not want to accept it. The campaigns themselves can't afford to believe it. Many journalists know it but can't say it. And there will certainly be some twists and turns along the way. But take it to a well capitalized bank: Bill Ayers isn't going to save John McCain. The race is over.
He says Bill Ayers attacks won't work (I'm not so sure). Wolfson calls such attacks smallball. And concludes with the big picture:

Just as President Bush's failures in Iraq undermined his party's historic advantage on national security issues, the financial calamity has shown the ruinous implications of the Republican mania for deregulation and slavish devotion to totally unfettered markets.

Republicans and Democrats have been arguing over the proper role of government for a century. In 1980 voters sided with Ronald Reagan and Republicans that government had become too big and intrusive. Then the economy worked in the Republicans' favor. Today the pendulum has swung in our direction. Republican philosophies have been discredited by events. Voters understand this. This is a big election about big issues. McCain's smallball will not work. This race will not be decided by lipsticked pigs. And John McCain can not escape that reality. The only unknowns are the size of the margin and the breadth of the Democratic advantage in the next Congress.

We shall see. I'm not as confident.