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The prospects for U.S. economic growth are "still too little" and "too uncertain," House Majority Leader Eric Cantor told CNBC. American can't just sit back on its laurels, he added.
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In recent history, Democrats have been the party of disorder and confusion in the ranks. To their House of Commons, Republicans have been the House of Lords. That has typically meant an orderly line of succession, with one establishment candidate after the other stepping up to claim their chance at the presidential prize: Ronald Reagan in 1980, his vice president George Bush in 1988, Bob Dole in 1996, the younger George Bush in 2000.
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So, what does this rising anti-trade sentiment mean for Republican politicians--and Democratic ones, for that matter? It's tricky because, rhetoric aside, most economists and elected officials in both parties in fact DO believe free trade offers the best path to economic growth in a global economy.
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The Arizona senator was counted out earlier this year after public discontent with Iraq and immigration reform knocked him off his front-runner's perch. When I'd see him in Washington, McCain himself would acknowledge the damage. But don't count him out yet.
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The numbers are in and it was a rich third quarter for candidates--Hillary Clinton's campaign raised $27 million in the third quarter, beating Barack Obama, whose campaign raised about $20 million over the same time period.
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The single signature moment of last night's debate was what first appeared to be Hillary Clinton's declaration of independence from her ex-president husband. "He's not the one standing here"--her line after Tim Russert pressed on differences between her position and Bill Clinton's on torture--was a dramatic and effective moment of self-assertion.
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Democratic presidential candidates pounced on rival Hillary Clinton for her positions on Iraq and Iran in a debate on Thursday as they sought to undercut her status as the campaign front-runner.
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President Bush's speech at the UN today was notable for a couple of reasons--not merely the fact that he ostentatiously rolled his R's in referring to Peru and Morocco. He declined to rise to the provocative rhetoric of Iranian President Mahmoud Ahmadinejad. He didn't want to make the Iranian leader the focus of his speech.
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Even though semi-professional historian Karl Rove has left the White House, they are still paying attention to past administrations at 1600 Pennsylvania Avenue. They're especially paying attention to how Bill Clinton revived his fortunes in the 1990s by fighting with the GOP Congress over spending.
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When Erin Burnett's show "Street Signs" called me to talk trade this afternoon, the question was "Is Trade Dead?" I thought, for this Congress, it was--until I did a little reporting. As it happens, Republican and Democratic leadership sources both expect SOME progress on trade before the 2008 elections.
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Alan Greenspan may call himself a libertarian Republican, but his new book provides a major credibility boost for Democrats on economic policy. The first, and less surprising, blow came in his criticism of the Bush-era spending excesses. Many conservative Republicans have long offered that critique.
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One question about market turbulence that I'll be watching is its effect on the 2008 presidential race. It's not clear the disruptions will prove long lasting, much less lead to an economic recession. If it proves a short-term blip, the effects will be negligible.