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Konkvistador comments on Genetically Engineered Intelligence - Less Wrong
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I think the average IQ of politicians will not change much for the first few generations after the introduction of GE boosted babies.
Look at CA politicians column in the first table
Sure they are clever but they mostly seem to cluster in the 120 IQ range for functioning democracies, nearly regardless of the country mean. Also I need to crunch the data but my impression seems to be that some smaller countries tend to have usually smart leaders (Malta, Trinidad) compared to the mean of their countries. I can't quite think of a major country that shows the same pattern.
However the ruling class of say Quatar or Saudi Arabia might be in for a leap frog.
I'm inclined to doubt that it's the average of politicians that would make the most immediate impact, actually. Significantly stretching out the right-side tail ought to have practical consequences.
China is now basically run by technocrats - scientists and engineers. (A society run by such is part of many technologists' fantasies, though I don't see a massive brain drain to there.)
New Labour in the UK was run by some ridiculously intelligent and erudite people. I was a fan and even I would say they did quite a lot of demonstrating that intelligence means you can do much bigger stupid things.
There are really quite a lot of frighteningly intelligent politicians. I'm not sure just increasing politicians' IQ will do much at all.