Ex-SD: I would agree with everything you said, as well as adding an additional caveat: No politician, Repub or Dem, in his right mind is going to tell the American people the truth at this juncture.
The truth being that we (the United States) are essentially insolvent as of right now. We have been gaming the world financial system for about 25 years now and the bill is finally coming due.
Can you imagine the fallout if either McCain or Obama got up on the stage and laid out the facts to the American people? Sweet Jesus, it’d be chaos.
I really pity the next President. And I don’t think it really matters right now which of them wins. The mess is so huge that it dwarfs the ability of the President, Congress, etc to fix the problem. Which supposes that they had the will and the foresight to want to.