Karl Rove, former adviser to President George W. Bush, wrote an op-ed for The Wall Street Journal laying out how the Republican Party could snatch victory from the jars of defeat. Mr. Rove succinctly described what the Republicans want in exchange for flipping the on switch for the government: a one-year delay of the individual mandate, saving approximately $16 billion; and revocation of the Obama Care waiver, which would mean that members of Congress become subject to the same Obama Care requirements that we mere mortals are forced to subscribe to.
Unfortunately Mr. Rove’s op-ed turns out more to be the application of game theory to the current budget debacle versus answering the question most Americans ask when analyzing what’s coming out of Washington: how does this policy make my life better here in America.
Democrats and Republicans love getting on the soapbox about making living in America better. President Obama wants to grow the economy from the middle out. Speaker John Boehner wants a less regulatory environment within which we will see real job growth. It gets cumbersome when tied into their version of fiscal physics. For example, from Karl Rove’s op-ed:
“Some Senate Republicans are discussing bundling the mandatory and discretionary spending cuts in the president’s own budget with an equal amount in Republican suggestions for future spending cuts, and offering to increase the debt ceiling by that amount. The thinking here is that Mr. Obama could hardly object to a debt-ceiling increase offset by his own proposed spending cuts.
Whether or not this idea catches on, Republicans must have a serious debt-ceiling plan ready quickly. Otherwise, Mr. Obama and the Democrats—or a faction within the GOP’s own ranks—can whipsaw the party. The stakes are high. The public is increasingly impatient, even enraged, with Washington’s dysfunction. Whoever misplays the debt-ceiling debate may sustain the most enduring political damage from these back-to-back fiscal showdowns.”
Really? My head just whipsawed from having to read this indirect muckety muck. I’d rather bang my head trying to work on a calculus problem.
Maybe the Karl Rove and other Republicans prefer maintaining the “out of touch with America” image, but quite frankly I don’t see how this strategy helps the average American in his decision to purchase capital or reinvest in America. No wonder the Federal Reserve is running the economy (not good). Mr. Rove’s strategy is an example of what Federal Reserve Board of Governors chairman Ben S. Bernanke referred to back in September as fiscal policy restraining growth.
Mr. Rove. If Congress were really concerned about how the average American can get his work hustle on, the last thing Congress should be focusing on is positioning and whipsawing of the party across the aisle.