Glenn Hubbard, appearing live on CNBC Wednesday morning, was struck by a falling piece of the set. Hubbard, who was the chairman of President George W. Bush's Council of Economic Advisers and an economic adviser to Republican presidential candidate Mitt Romney, was discussing the need for Congress to address the forthcoming entitlement crisis when a banner fell and hit him on the head:
When Republican strategists like Karl Rove cite 1980 as a model for this year’s election, they usually have in mind two main elements: Ronald Reagan’s question in the late October presidential debate about whether voters felt better off than four years earlier, when they elected Jimmy Carter, and Reagan’s ability in that debate to reassure swing voters about his ability to serve successfully if elected, converting a very close race into a ten-point blowout by “closing the deal.”
The media tut-tuts about the ebbs and flows of the polls in the presidential race because – well, because that’s what the media does. But, in fact, if you look at every presidential race going back over the years when the incumbent party was defeated or almost defeated – 1948, 1968, 1976, 1980, 1992, 2000, 2004, and 2008 – most of them had some truly wild rides, many starting in September (the only real exception was 1960).
Despite—or because of?—continuing bad economic news, President Obama has doubled down on the argument that Mitt Romney and the Republicans will take the country back to “the failed policies that got us into this mess.” His argument is simple: While his policies haven’t (yet) worked, Romney’s (like Bush’s) would be worse.
The Romney campaign passes along George W. Bush's reaction to the announcement that Paul Ryan will be Mitt Romney's running mate:
"This is a strong pick. Governor Romney is serious about confronting the long-term challenges facing America, and Paul Ryan will help him solve the difficult issues that must be addressed for future generations."
At the unveiling of former President George W. Bush's official portrait at the White House this afternoon, President Barack Obama joined his predecessor and their wives in delivering brief (and at times nice, cordial, and funny) remarks. But there was a seemingly out of place moment during the ceremony when Obama seemed to veer into reiterating his frequent trope that he inherited a bad economy from Bush.
This morning, Mitt Romney used his foreign policy address at the Citadel in Charleston, South Carolina to criticize what he called the Obama administration's "feckless policies of the last three years."
At last week’s Republican debate at the Reagan Library, a long-simmering Texas political feud made its grand entrance onto the national stage. Politico’s John Harris asked GOP presidential frontrunner and Texas governor Rick Perry about his former political adviser Karl Rove’s recent statement that Perry’s views on Social Security were “toxic.”