The idea for this blog developed out of my belief that while the issues facing Congress and the President are becoming both more complex and more politicized, the general American populous remains consistently underinformed and/or overly influenced by misleading, partisan advertising.

This blog will attempt to inform people by laying out major political issues in concise and informative "handbooks" in order to provide a simple alternative for those who want to be more politically informed but do not have the time to search for the information themselves.

As a news junkie, I will also post relevant news, analysis, and articles. Thank you so much for reading and i hope that you enjoy!

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Saturday, July 23, 2011

Debt Ceiling Could Prove to Be Major Victory for Republican Presidential Candidate

Google Images: Mitt Romney, the GOP front runner
I feel bad for Republican presidential candidates. They've been trying so hard to get attention recently, with a number of televised debates, campaign stops, and television appearances. But the GOP field just can't seem to catch a break. And Mitt Romney is taking it the hardest.

Romney's problems stem largely from the issues I've addressed with the mass media and the way in which it functions. Why report on Romney's serious economic proposals when Herman Cain is saying that he would outlaw any legislation over three pages, or Michelle Bachmann is reportedly having migraine headaches? The average viewer watches the news for short and interesting tidbits of information, not full-scale political analysis of major issues. This is why PBS, with its lack of flair and dramatics, is so unpopular among mainstream Americans. 

But Romney, who many consider to be the front runner of the GOP presidential race, may have caught a major break with the ongoing debt ceiling crisis happening in Washington. And he did not have to do a single thing.

Analysis: GOP Presidential Candidate Could Profit From Debt Talks
With the debt crisis consuming every single part of Washington, Romney and the other serious presidential contenders (I'm looking at you Rick Perry) have two major things going for them:
  • Being outside of Washington, away from negotiations, and away from the possibility of having to vote to increase the debt ceiling, is a major advantage right now. While polls show that the American people are starting to understand the seriousness of the situation if we were default on our debts, they are still fairly evenly split on whether or not we should raise the debt ceiling. While everyone in Washington (I would hope) and those who consider themselves politically active know, it is an impossibility to not raise the debt ceiling. It will be raised, it is just a matter of how long it will take to hammer out some kind of compromise between the two parties. But reality does not matter in politics. Politics is solely driven by perception. President Obama is not only directly tied to an increase in the debt ceiling, but he also has to sign the bill into law and waste plenty of resources explaining why the ceiling needs to be raised to a relatively uninformed general populous. Nominees like Romney and Perry, on the other hand, have no such problem. In fact, knowing that their base is strongly opposed to any raising of the debt ceiling under any circumstances, I would be shocked if you don't soon see Romney railing against raising the debt ceiling, saying that if he was in Congress he would have opposed it. Is this the truth? Of course not. For all the flack that Romney takes, I'm the first to admit that he possesses a very high level of intellect, especially for things related to business. And as a businessman, Romney knows that if the debt ceiling is not raised, the United States could face an economic catastrophe. But that doesn't matter, because he will never have to vote on it in Congress or sign legislation that would raise it (at least through the campaign). 

Google Images: President Obama in the White House Briefing Room

  • But that's not the only thing that Republican candidates have going for them. While Republicans like Romney are hitting the campaign trail hard, spending hours a day stumping and fundraising with major donors, Obama is stuck in Washington, dealing with anger from both sides, from Republicans who are vehemently against raising taxes and from Democrats who refuse to accept any entitlement cuts. Romney raised $18.4 million last quarter, far surpassing the amount that all other candidates took in combined. However, Romney still loses out to the incumbent president, who took in a record shattering $87 million dollars. But comparing the two numbers ignores the bigger issue. Romney is out campaigning every day, getting his policy positions out there, crusading against the President and his policies. While Obama's grassroots machine has begun to ratchet up, Obama himself has not had the opportunity to really hit the ground running in a number of key battleground states he needs to take to win in 2012. For all those who say that it's too early to even think about the President campaigning, consider this. According to the latest Gallup poll, the president's approval rating sits at 43%, far from the 52.9% that he took in the general election. These poll numbers are worrisome because his approval is down among his own base. If the President wants to rally his base and reassure independents by making sure that they don't just sit out on election day, he needs as early of a start as possible. With the fragile state of the economic recovery, and Republicans doing all they can to make sure that he does not pass a single piece of landmark legislation (or, for that matter, any legislation that would help the president in righting the economy), Obama has some major work to do if he wants to see electoral success again in 2012. 

Google Images: Voter anger with any all incumbents will certainly flair up after the extended and extremely frustrating weeks of debt ceiling negotiations. This is likely to help boost the Republican nominee, who will be able to paint him/herself as an outsider, much like Senator Obama in the run-up to the 2008 election. 

  • Furthermore, while Obama may win the battle, he's growing more and more likely by the day to lose the war. Think about it this way: Polls show that if a potential default were to happen, Republicans in Congress would be blamed by 50% of Americans whereas the president would only be blamed by 33%. According to one commentator, the public would view Obama as bad and congressional republicans as even. Obama cannot win and republicans know it. And GOP presidential candidates should be licking their chops at the opportunity to hit Obama hard on the debt ceiling. With Speaker Boehner walking out of a potential bipartisan deal earlier today, this now leave the McConnell compromise as the last real bill on the table. McConnell's plan would essentially grant the president with 100% of the responsibility to raise the debt ceiling, allowing members of Congress to vote no and shifting all the blame for the unpopular action of raising the ceiling squarely on Obama's shoulders. The way in which the debt ceiling negotiations have been handled is likely to cause a rabid anti-incumbent sentiment for Washington politicians. Like it or not, even acting as the most mature man in the room (assuming an almost father like role over his "congressional" children), President Obama is the leader of the "typical, Washington politicians." President Obama will ultimately find it difficult to stave off a well-funded republican candidate who runs as an outsider, just as Senator Obama did in 2008.  
Conclusion
If you ask me, Republican leadership knows exactly what they're doing. By handicapping the President's ability to fund raise, forcing him to engage in seriously unpopular talks, and potentially giving him the sole approval to increase the debt ceiling (allowing Congress to vote no and putting all the responsibility on the shoulders of the President), they are doing all they can to set the president up for failure in 2012. The most telling of quotes comes from Senate  Minority Leader Mitch McConnell:
The single most important thing we want to achieve is for President Obama to be a one-term president.
Forget compromise, forget the possibility of defaulting on our debts, forget that American voters elect officials to represent them and act and vote in a responsible and grown-up manner. Washington has slowly but surely become a political  circus, a place where the minority party will do anything and everything to ensure that the incumbent does not get re-elected. Republicans have recently mastered this strategy, reaffirming the beliefs of millions of discontent Americans. If the possibility of a market meltdown and rapidly increasing interest rates (among dozens of other things) does not spur this Congress to quickly find compromise, I have absolutely no idea what will.