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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Even though they dislike both of them, the American people want to know that its presidential candidates are healthy. "Nearly two-thirds of registered voters think presidential candidates should release details about their medical histories, according to a new Morning Consult poll." In the new poll, 64 percent of Americans say the candidates should release their medical reports, up nine percent from May.
In a speech Friday at the Federal Reserve's Jackson Hole summit, Fed chair Janet Yellen sounded an optimistic tone about the state of the American economy, before implying that a hike in interest rates is on the horizon. The Fed "continues to anticipate that gradual increases in the federal funds rate will be appropriate over time to achieve and sustain employment and inflation near our statutory objectives," Yellen said in her address.
While politicians argue over whether or not to be worried about potential voter fraud come November, a study tells us it is not a legitimate concern. "A News21 analysis four years ago of 2,068 alleged election-fraud cases in 50 states found that while some fraud had occurred since 2000, the rate was infinitesimal compared with the 146 million registered voters in that 12-year span. The analysis found only 10 cases of voter impersonation, the only kind of fraud that could be prevented by voter ID at the polls."
Perhaps Donald Trump can take a plebiscite to solve this whole messy immigration thing. At a Fox News town hall with Sean Hannity last night, Trump essentially admitted he's "stumped," turning to the audience and asking: “Can we go through a process or do you think they have to get out? Tell me, I mean, I don’t know, you tell me.”