A Cautionary Tale about Divided Government
Michael Merritt expressed his preference for divided government, and here's a cautionary tale against a President McCain and a Democratic-controlled Congress.
Far from confounding the parties, divided government has enabled them to adhere to dogma. Democrats have succeeded at increasing spending and Republicans at holding down revenue, with credit and con games making up the difference. The result: the state budget, signed 10 days back by Mr Schwarzenegger, may not last the month. On Thursday the governor wrote Hank Paulson with an urgent request for $7 billion, without which the state may not be able to pay its bills in the short-term.
Like Mr McCain, Mr Schwarzenegger campaigned as a centrist who could check the ambitions of a Democratic legislature with the strength of his personality and principles. A President McCain might do better with a Democratic legislature than Governor Schwarzenegger has, but a Republican identity and fearsomeness don't guarantee that he will.
And, I was just going to argue something about remaining principled during a financial crisis.
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