The Great Debate
Republicans have a problem for 2016: Too much money.
Former Florida Governor Jeb Bush expects to raise $100 million by the end of this month. Senator Ted Cruz of Texas raised $31 million in one week. Senator Marco Rubio of Florida pulled in $40 million in pledges. Wisconsin Governor Scott Walker expects to raise $25 million by the end of June. As many as 14 other potential Republican candidates have also been busy raking in the dough.
President Barack Obama is laying down his marker Tuesday with his State of the Union Address. He told a closed-door meeting of Senate Democrats last week, “I’m not going to spend the next two years on defense. I’m going to play offense.”
1. The Obama boom will finally arrive. Only it will be more like a boomlet.
Americans have been waiting for the boom since they elected President Barack Obama in the teeth of the 2008 financial meltdown. After all, we elected Ronald Reagan during an economic downturn in 1980, and by his second term, the economy had turned around (“Morning in America”). We elected Bill Clinton in an economic downturn in 1992, and by his second term, the economy had come roaring back (the “dot-com boom,” now known as the “dot-com bubble”). Now we’re deep into Obama’s second term. Where’s da boom?
from Nicholas Wapshott:
Did anyone hear the crack of a starting pistol? Nor me. But the race to become the Republican presidential nominee in 2016 is on.
Gridlock is likely to rule the federal government until at least 2023. Why 2023? Because it may not be until after the 2020 Census that the Democrats have a good chance of regaining control of the House of Representatives.