How many people in the US voted for George W. Bush. Twice.
Almost exactly the same number that voted for Gore then Kerry. The only notable change in voter sentiment in the past decade or two was the advent of the Tea Party (which is a movement not a party).
Clinton was reelected with a good margin despite R trends in the house and senate.
Politics. Yesterday there was a VERY interesting hearing on the debt committee, and when I say a federal congressional committee is interesting, I have to check myself. But I stand by it. Then this morning the Treasury secretary goes onto an investors conference and assures us that Europe will not have a Lehman (a investment bank which almost conformed to Bush's post-911 capital requirements of 2%, by having 6% yet was still thrown under the bus by a federal mark to market rule recently added after that other rule change) because they have "cronie capitalism", which all observers took as comforting.
Then he said he was all in on the Obama Jobs plan, which includes short term tax tricks on the spending side and long tern tax increases on the revenue side. A plan which notably Obama BOTH said would be paid for by the debt committee add-on, and later also disclosed he was proposing the same tax increases he used for a couple of months to demogogue his political opponents.
We are still in a political era of don't let a good crisis go to waste. Given that, Republicans employed the technique to force fiscal conservatism on this President and congress by making a commission a condition of a debt increase.
Based on
Democrat leader comments during the commission meetings, it is the very best thing that could have ever happened to this country. I happen to agree with that.
BRAC commission format SUCCEED!
Rocketman
RM to Geitner: need ideas to implement? Just view yesterdays debt commission testimony. Plenty of meat there. Heck, I remember the height of the crisis when CNBC's Cramer
screamed to issue $1T in 30 year bonds. He was right. I have other specific ideas but no access to policy. Contact me.
