Democracy and capitalism are the two great pillars of the American idea.
To have rocked one of those pillars may be regarded as a misfortune.
To have damaged the reputation of both, at home and abroad, is a pretty stunning achievement for an American president.
It would be tough for any candidate to receive the Republican baton from Dubya, and McCain can be proud of doing as well as he is.
His chief problem is that he does not seem to offer any hope of repair to those American ideals.
Or, to put it another way, it is not clear how America under McCain would recover her standing in the eyes of the world.
His chief selling-point is his grasp of foreign affairs, and his staunch belligerence in the pursuit of American interests.
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