NJ You’ve been studying the history of presidents who lost part or all of Congress in their first term. Why?
McConnell In the last 100 years, three presidents suffered big defeats in
Congress in their first term and then won reelection: Harry Truman, Dwight Eisenhower, and the most recent example, Bill Clinton. I read a lot of history anyway, but I am trying to apply those lessons to current situations in hopes of not making the same mistakes.
NJ What have you learned?
McConnell After 1994, the public had the impression we Republicans overpromised and underdelivered. We suffered from some degree of hubris and acted as if the president was irrelevant and we would roll over him. By the summer of 1995, he was already on the way to being reelected,
and we were hanging on for our lives.
NJ What does this mean now?
McConnell We need to be honest with the public. This election is about them, not us. And we need to treat this election as the first step in retaking the government. We need to say to everyone on Election Day, “Those of you who helped make this a good day, you need to go out and help us finish the job.”
NJ What’s the job?
McConnell The single most important thing we want to achieve is for President Obama to be a one-term president.
NJ Does that mean endless, or at least frequent, confrontation with the president?
McConnell If President Obama does a Clintonian backflip, if he’s willing to meet us halfway on some of the biggest issues, it’s not inappropriate for us to do business with him.
NJ What are the big issues?
McConnell It is possible the president’s advisers will tell him he has to do something to get right with the public on his levels of spending and [on] lowering the national debt. If he were to heed that advice, he would, I image, find more support among our conference than he would among some in the Senate in his own party. I don’t want the president to fail; I want him to change. So, we’ll see. The next move is going to be up to him.
NJ What will you seek from the president on the tax issue?
McConnell At the very least, I believe we should extend all of the Bush tax cuts. And I prefer to describe this as keeping current tax policy. It’s been on the books for 10 years. Now, how long that [extension] is, is something we can discuss. It was clear his position was not [favored] among all Senate Democrats. They had their own divisions. I don’t think those divisions are going to be any less in November and December.
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"The White House is preparing to roll out a long-delayed infrastructure rebuilding plan in January, as President Donald Trump’s advisers bet that voters want a $1 trillion road-and-bridge-building plan—even though it is opposed by some lawmakers."
President Trump is set to make remarks Wednesday at the Treasury Department detailing how the "once-in-a-generation tax cut/reform bill will create economic opportunity and brighter futures. Aides say Trump will display his dealmaking/closing skills as he makes his case to the American people, while continuing to work behind the scenes to iron out final details."