President Barack Obama pledged to cut the deficit in half by the end of his first term. But because he focused on political gimmicks, rather than real reform, we’ve seen trillion-dollar deficits and nearly $6 trillion added to the debt instead. Based on what we heard from the president at a news conference Tuesday, his unserious attitude is likely to continue.
The Great Debate
Two tough issues — immigration reform and gun control. “It won’t be easy,” President Barack Obama said about gun control in December, “but that’s no excuse not to try.” Tuesday, he said about immigration reform: “The closer we get, the more emotional this debate is going to become.”
There has been much ado lately about the Democratic Party’s new project to turn Texas blue. What’s lost on the liberals in D.C., California and Manhattan who will throw money at this futile effort, however, is that the Texas Republican Party is different and far stronger than its counterparts in other states. And it’s not just because the Lone Star State under Republican control has become the envy of the nation in terms of job creation and economic growth.
from The Great Debate UK:
--Laurence Copeland is a professor of finance at Cardiff University Business School. The opinions expressed are his own.--
Speaker John Boehner (R-Ohio) is now in Williamsburg, Virginia, meeting with his House Republican conference at their annual retreat. The GOP House members have likely gotten over the initial shock of the November elections – in which President Barack Obama won more than 51 percent of the vote and the Democratic majority swelled in the Senate.
The reason that President Barack Obama won reelection, as most everyone knows by now, is that older white males, on whom the Republican Party has long relied, are declining in numbers, while women and minority voters, key components of Obama’s base, are increasing. In the electoral post-mortems, Obama’s victory has been considered a kind of valedictory to white male supremacy. But his win did something else: Obama killed John Wayne on Nov. 6 — with the complicity of roughly 61 million Americans.
Looking at Tuesday’s election results, it’s clear the United States has morphed into five distinct political nations. This marks a sharp consolidation of the nine cultural and economic regions that sociologist Joel Garreau laid out 30 years ago in his landmark book “The Nine Nations of North America.”
This essay was submitted through the Romney campaign as a response to Lawrence Summers’ most recent column, “This election, Obama is the wiser economic choice.”