It's amazing how hard Carl Bernstein (yeah, that Carl Bernstein) is working to debunk the story about Hillary swapping jobs with Joe Biden. (Carl says it's a non-story puffed up by the chattering class and ex-Hillary supporters seeking a cure for boredom). It's just as amazing how hard Lawrence is working to keep it alive. It's all Carl can do from pounding his fist on the table and yelling out: "BULLS#$%!!!"
I also don't know about Lawrence's "theory", isolating the entirety of the vote in favor of Obama in its historical context kinda misses the point. (The War in Iraq and the Economy played much bigger roles than history.)
Theories work wonderfully in a vacuum. Lawrence's point is salient, assuming the country doesn't react with mass panic over the prospect of a Sarah Palin or a Newt Ginrich running for President. I have the feeling that once the country gets a load of them, it may not matter what the President does.
Also, Lawrence made a mistake in his interview with Joe Klein. President Obama did not start the Bank Bailout (aka TARP). Joe Klein said he did.