Commentary: Bush tax cuts and the decline of U.S. as a serious world powerBy Dennis Jett | McClatchy Newspapers
Posted on Thursday, December 30, 2010
The lame ducks had not even flown the coop before the assessments of the 111th Congress started to pour in. After months of partisan bickering and foot dragging, the achievements in the final days of the legislative session were truly impressive.
There are two feats that have been generally unrecognized by the Washington’s chattering class however. Both deserve acknowledgment because they will affect the country’s future more than anything else this session of Congress accomplished.
The legislators affected the course of history by ensuring two future events will occur — the reelection of President Obama and the decline of the United States as a serious world power. That may seem counter-intuitive given that the leader of the Republicans in the Senate, Mitch McConnell, said not too many weeks ago that ensuring the President did not get a second term was his highest priority.
McConnell only needed to glance at the potential Republican candidates for 2012 to discover why he had to forego that dream. While all the party’s presidential aspirants use their platforms on Fox News to ignite the Republican base, they repel pretty much everyone else. More ominous is the fact there will be little chance to oust the incumbent if the economy continues to improve. There is one statistic that will determine that &mash; the unemployment rate. If it is significantly lower than it is now, he will win. If it is not, he won’t.
McConnell could have refused to do anything to help the economy and prayed for a double dip recession severe enough to sweep his party into the White House. Republicans are about to take ownership of the other House, however, and can’t avoid some responsibility for prolonged economic stagnation without there being negative implications for the Republicans in Congress. “Just say no” would therefore be no more effective a strategy than it was in the war on drugs. So McConnell and company signed off on tax cuts that will probably stimulate the economy enough to determine the outcome of the election in the President’s favor.