More on electability

From Michael Kinsley in Slate: The Pragmatist's Primary: Desperately Seeking Electability

Democrats are cute when they're being pragmatic. They furrow their brows and try to think like Republicans. Or as they imagine Republicans must think. They turn off their hearts and listen for signals from their brains. No swooning is allowed this presidential primary season. "I only care about one thing," they all say. "Which of these guys can beat Bush?" Secretly, they believe none of them can, which makes the amateur pragmatism especially poignant.

Nevertheless, Democrats persevere. They ricochet from candidate to candidate, hoping to smell a winner. In effect, they give their proxy to the other party. "If I was a Republican," they ask themselves, "which of these Democratic candidates would I be most likely to vote for?" And by the time this is all over, most of the serious contenders will have been crowned the practical choice for at least a moment. First it was Lieberman the Centrist. "I'm actually for Dennis Kucinich," a Democrat might say, "because I like his position on nationalizing all the churches. But I'm supporting Joe Lieberman. His views on nearly everything are repellent to me, and I think that's a good sign."

. . .

Some Democrats cheated and looked into their hearts, where they found Howard Dean. But he was so appealing that he scared them. This is no moment to vote for a guy just because he inspires you, they thought. If he inspires me, there must be something wrong with him. So, Democrats looked around and rediscovered John Kerry. He'd been there all along, inspiring almost no one. You're not going to find John Kerry inspiring unless you're married to him or he literally saved your life. Obviously neither of those is a strategy that can be rolled out on a national level. But he's got the résumé. And gosh, he sure looks like a president (an "animatronic Lincoln," as my Slate colleague Mickey Kaus uncharitably described him).

. . .

The process the Democrats are putting themselves through resembles John Maynard Keynes' famous description of the stock market. The game isn't to figure out which stocks are most likely to do well, but to figure out which stocks other investors think are most likely to do well. And these other investors are thinking of other investors and so on. Keynes thought this helped to explain the volatility of stock price. Your judgment about other people's judgment, let alone other people's judgment about other people's judgment, is inherently less certain and more subject to breezes of false or true insight and information than your judgment about your own judgment.