Republican Outlook For Midterms: Suddenly Dangerous

Rollcall ^ | July 18, 02 | Stuart Rothenberg

[churchillbuff]

Bush won't call for bigger, sooner tax cuts. Like his dad, he stands-pat in the face of economic trouble, and he doesn't have an instinctive aversion to high taxes and regulations. He agrees with Daschle, for instance, that cap gains taxes shouldn't be cut. If the GOP suffers in the elections, don't be surprised.

[churchillbuff]

"""taken together, the recent rash of bad news - including a sinking stock market, concern about the economy's recovery, the demise of WorldCom and Arthur Andersen, and questions about administration officials' past business practices - is much more likely to affect the public opinion about the president. """"

A lot of freepers are wishing it won't be so, but common sense suggests otherwise.

[dead]

While polling has not yet recorded a dramatic turn in public opinion against President Bush or the GOP,

Solid fact.

events of the past few weeks have substantially increased the likelihood that the 2002 midterm elections will resemble other midterms, when the president's party is on the defensive and suffers losses.

Blatent speculation posing as "news."

[Grut]

Panic is not the friend of the Republicans, it's their teddy bear.

[churchillbuff]

Blatent speculation ..."

The writer admits it's speculation - - - but a hunch based on experience and common sense. Do you REALLY think a stock market crash (which is the only way to describe the 20 percent - or more drop this year) isn't gonna affect a lot of people's outlooks. I, for one, was a big Bush backer - and will vote for him again if he's the GOP standard bearer in 04 - - but I'm disgusted at his paltry and slow-motion tax cuts, and his wimpiness on a hundred other issues.

[churchillbuff]

Panic is not the friend of the Republicans, it's their teddy bear.""

Don't know what that means. I'm afraid a tanking stock market - which means disappearing 401-ks and IRAs - is gonna T-off a lot of voters against the GOP, or disspirit a lot of Republican voters, so they won't even turn up at the polls.

[churchillbuff]

The following analyis by Rothenberg is offered as speculation, but it's a very reasonable speculation: "The risk for the Republicans is that some voters, even if they don't hold the president primarily responsible for their stock losses or for corporate fraud and mismanagement, will grow angry, frustrated or merely impatient with the negative news. If they do, they might decide to send a message of change to the president by voting against his party's candidates in November.

"Even if GOP voters remain loyal to the president, all of the bad news could depress Republican turnout. And that could be enough to turn a neutral political election into a good Democratic year"

[dead]

While I don’t disagree with you, this article is a fairly worthless mish-mosh of “ifs” and “coulds” and “mights.”

He speculates:

substantially increased the likelihood…
is much more likely…
voters are likely…
Democrats are likely…
The risk for the Republicans is…
If they do, they might decide…
Even if GOP voters…
could depress Republican turnout...
could be enough…
could well be on the defensive…
could give the president…
would, of course, relieve…
If Bush's job approval…
it could increase…
would increase the odds…
could be muted…
couldn't be good news…

And concludes:

The bottom line is clear.

[churchillbuff]

"With accounting and business questions spooking Wall Street - and without a strong, highly regarded secretary of the Treasury (such as Robert Rubin) to calm investors and speak effectively for the administration - Bush has no easy answer to his developing political problems."

Do you really think this paragraph is Demo spin? Do you really believe that O'Neill is a substantial figure in any sense, or that any other Bush economic advisor commands attention or a calming influence on the nation? If so, you must be smoking greenbacks.

[babyface00]

IMHO, all the issues raised in the article point to the need to have a solid Republican majority in the House, and the same in the Senate.

Many people realize that a lot of these issues can be traced back to Clinton policies, and the Democrats have hindered GWB's attempts to fix them.

But, unfortunately, most voters get their info from the same news sources that claim Republicans want to "starve children" and "kill the elderly".

[hchutch]

For a Winston Churchill buff, I detect a lot of sentiments that seem more suited to Frank Jack Fletcher that Mr. Churchill. Yes, there is concern about the market, but the key is to first, reassure a lot of the average folks with the 401Ks, and THEN, once they have been reassured, to work on the other parts of the problem.

One does not get an MBA from Harvard by being stupid. The stock market's got its problems, but the economy itself is looking good - particularly the growth rate. The fact is, Bush has to clean up a mess that occured because Bill Clinton was more interested in scoring with interns and raking in campaign money than he was in dealing with serious problems.

The RNC is going to start hitting back, and I think the way Bush does things is going to, for the most part, neutralize this issue. Furthermore, if the Dems keep up the politics of economic destruction, they'll end up paying for it. We just have to get the facts out there, and we have to solve a couple of problems that have been allowed to fester during the Clinton-Gore tenure.

[Lance Romance]

I've seen Mr. Rothenberg on CNN several times. He's essentially Bill Schneider + 5 IQ points. He is definitely not a sage.

Midterm usually have dismal turnouts and not much changes. It's only when voters are motivated (1994 Congressional elections) that this swing occurs.

I think this is more of Mr. Rothenbergs wet dream than reality.

[warchild9]

What's going to cost the Republicans in the next few issues are blatant liberal policy shifts (I won't enumerate them here; we know about them). We're not stupid out here in the boonies, and know when an Administration is screwing us over. Add to conservative disenchantment a falling economy and no obvious closure to 9/11, and they're going to lose, lose, lose. (And I say good--see if they can replace me with a Mexican insta-citizen.)

[Torie]

Let me help you with some of this, and translate Rothenberg for you: The GOP's chances of taking control of the Senate has dropped from 45% to 25%; the GOP's chances of losing control of the House has increased from 20% to 40%. I hope that helps.

[sinkspur]

When in hell did Robert Rubin "calm the nation"?

That's the stupidest thing I've read in a long time.

[sinkspur]

When in hell did Robert Rubin "calm the nation"?

That's the stupidest thing I've read in a long time.

[dead]

While I would like Bush to push for more substantial tax cuts (capital gains, rates across the boards), how can you be certain that that crusade will be an election year winner? (It absolutely won't be a legislative winner. Considering the current makeup of the Senate, the idea is dead-on-the-vine.)

It will be spun by the democrats and the media as a further giveaway for "his rich buddies in business."

I'd still like him to do it, because its the right thing to do, but I'm not going to delude myself that it's a political can't-miss.

The safer political strategy is do nothing. And no matter what his efforts, "nothing" is the reality regarding the amount of tax cuts we'll see passed before November.

[chilepepper]

Exactly. I think the people who are in the market and have lost out have been sufficiently warned that they have no one to blame but themselves, and in their heart of hearts know that the "good thing" under Clinton was corruption and greed run rampant.

I think the GOP/Bush have a good case in saying they started the road to sanity by not allowing the graft and weasel tricks instituted under Sleazy Bill to continue, even if this brought down the market.

Hats off to Bush and his gang for having the guts and being willing to take the blame

[CROSSHIGHWAYMAN]

The Republicans would do just fine if they got the following message out:

Show charts of the stock market pre-election 1994 and post-election 1994.

The big boom in the economy and stock market for which Bill Clinton took credit only occurred AFTER the Republicans took control of Congress.

For his first two years, Clinton was floundering and the economy was like a ship without a rudder.

If Republicans would make this clearly transparent argument, they could make big gains in November.

Will they?

No, because they are too lazy and too stupid and too gentle.

President Bush should make it an issue, because if he doesn't rally the base, his goose will be cooked in 2004.