Nation Needs A Steady Hand: Anchorage Daily News Endorses Obama

Gov. Palin's nomination clearly alters the landscape for Alaskans as we survey this race for the presidency -- but it does not overwhelm all other judgment. The election, after all is said and done, is not about Sarah Palin, and our sober view is that her running mate, Sen. John McCain, is the wrong choice for president at this critical time for our nation.

Sen. Barack Obama, the Democratic nominee, brings far more promise to the office. In a time of grave economic crisis, he displays thoughtful analysis, enlists wise counsel and operates with a cool, steady hand. The same cannot be said of Sen. McCain.

Since his early acknowledgement that economic policy is not his strong suit, Sen. McCain has stumbled and fumbled badly in dealing with the accelerating crisis as it emerged. He declared that "the fundamentals of our economy are strong" at 9 a.m. one day and by 11 a.m. was describing an economy in crisis. He is both a longtime advocate of less market regulation and a supporter of the huge taxpayer-funded Wall Street bailout. His behavior in this crisis -- erratic is a kind description -- shows him to be ill-equipped to lead the essential effort of reining in a runaway financial system and setting an anxious nation on course to economic recovery.

Sen. Obama warned regulators and the nation 19 months ago that the subprime lending crisis was a disaster in the making. Sen. McCain backed tighter rules for Fannie Mae and Freddie Mac, but didn't do much to advance that legislation. Of the two candidates, Sen. Obama better understands the mortgage meltdown's root causes and has the judgment and intelligence to shape a solution, as well as the leadership to rally the country behind it. It is easy to look at Sen. Obama and see a return to the smart, bipartisan economic policies of the last Democratic administration in Washington, which left the country with the momentum of growth and a budget surplus that President George Bush has squandered.

On the most important issue of the day, Sen. Obama is a clear choice.

Sen. McCain describes himself as a maverick, by which he seems to mean that he spent 25 years trying unsuccessfully to persuade his own party to follow his bipartisan, centrist lead. Sadly, maverick John McCain didn't show up for the campaign. Instead we have candidate McCain, who embraces the extreme Republican orthodoxy he once resisted and cynically asks Americans to buy for another four years.

It is Sen. Obama who truly promises fundamental change in Washington. You need look no further than the guilt-by-association lies and sound-bite distortions of the degenerating McCain campaign to see how readily he embraces the divisive, fear-mongering tactics of Karl Rove. And while Sen. McCain points to the fragile success of the troop surge in stabilizing conditions in Iraq, it is also plain that he was fundamentally wrong about the more crucial early decisions. Contrary to his assurances, we were not greeted as liberators; it was not a short, easy war; and Americans -- not Iraqi oil -- have had to pay for it. It was Sen. Obama who more clearly saw the danger ahead.

The unqualified endorsement of Sen. Obama by a seasoned, respected soldier and diplomat like Gen. Colin Powell, a Republican icon, should reassure all Americans that the Democratic candidate will pass muster as commander in chief.