What with the Current administration and Bush legacy of reckless war and economic mismanagement and bad monitory management 2008 is a year that favors the generic Democratic candidate over the generic Republican one. Yet Barack Obama, with every natural and structural advantage in the presidential race, is running only neck-and-neck against John McCain, a sub-par Republican nominee with a list of liabilities longer than a Joe Biden monologue. Obama has built a crack political operation, raised record sums, and inspired millions with his eloquence and vision that brings out over 200,000 people in Germany. McCain has struggled with a fractious campaign team, lacks clarity and discipline, and remains a stranger to charisma. Yet at the moment, the two of them appear to be tied. What gives?

Some people can rationalize Obama's missing 10-point lead on the basis of Clintonite sulkiness, his slowness in responding to attacks, or the concern that Obama may be too handsome, brilliant, and cool to be elected. But let's be honest: If you break the numbers down, the reason Obama isn't ahead right now is that he trails badly among one group, older white voters. He does so for a simple reason: the colour of his skin.

Much evidence points to racial prejudice as a factor that could be large enough to cost Obama the election. That warning is written all over last month's CBS/New York Times poll, which is worth examining in detail if you want a quick grasp of white America's curious sense of racial grievance. In the poll, 26 percent of whites say they have been victims of discrimination. Twenty-seven percent say too much has been made of the problems facing black people. Twenty-four percent say the country isn't ready to elect a black president. Five percent of white voters acknowledge that they, personally, would not vote for a black candidate.

If this does happen in November and he is not elected, European perspective would change, there will be a bigger American Feelings.