Correct!

IOZ is a delight because his assessment of our presidential candidates is completely accurate:

Obama terrifies me: an intelligent, thoughtful, well-prepared, capably extemporaneous man ascribing a future holocaust to some sort of non-existent, fantastical, steroidal Iran; talking about unsanctioned cross-border incursions into Pakistan because we found bin Laden, or some such, and must “take him out”; warbling around about “main street” while, in a lawerly, circumlocutory way signaling that he's ultimately going to get behind hundred-billion-dollar cash bailouts to institutions that ought to be dismantled, destroyed, scattered to the wind. He wants GM to make electric cars. He wants the American people to know that he will appear before them to make extravagant xenophobic declarations in order to assuage their insecurity about the rise of other competing economies. He does this all in a calm, perfectly reasonable manner, with a convincing boardroom demeanor, and judging by the reactions of my liberal friends, with whom I listened, this was basically pleasing to them.
McCain is of course out of his mind: forgetful, vicious, reactionary. And his ideas are even crazier than BO's, but there's a certain comfort in the fact that their insanity is laid so plainly and mercilessly bare by the grinning psychopath's delivery. He provides no quarter for those who want to convince themselves that by Killing People for Their Own Good we are not actually killing them, or that by suborning corporate malfeasance we are combating it, or that by desperately seeking to maintain the geography of radial sprawl and the automobile we are seeking “energy independence.”

This is an outstanding articulation of some of the considerations behind the fact that “I prefer Obama over McCain in much the way I prefer rancid milk over rancid milk regurgitated by a cat.”
If we are the ones we've been waiting for, do we need a president?