Ezra Klein offers his take on the consequences of the mid-term elections in his Washington Post blog.
From the perspective of actually getting anything done in the next two years, there was perhaps no worse outcome. Republicans don't fully control Congress, so they don't have enough power to be blamed for legislative outcomes. But Democrats don't control the House and they don't have a near-filibuster proof majority in the Senate, so they can't pass legislation. Republicans, in other words, are not left with the burden of governance, and Democrats are not left with the power to govern. Republicans don't have to be responsible, and Democrats can't do it for them.
For the time being, this means that the gains of Obama's first two years are probably safe. Health-care repeal will not pass the Senate, and if Republicans attempt to defund the program, it will be the House acting on its own -- a less tenable position than the Congress acting against the executive. It is also difficult to see major new stimulus programs -- for instance, a payroll-tax holiday -- finding backers in Congress, as Republicans will not be able to take full credit for them. This will be, instead, a time of implementation for the White House, oversight for the House, and paralysis for the Senate. As for getting the economy back on track, that's now Ben Bernanke's job, whether he wants it or not.
--Ballard Burgher
Wednesday, November 3, 2010
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