Wednesday, 30 May 2012

F Scott Fitzgerald and The 2012 Election


F Scott Fitzgerald once stated that ‘there are no second acts in American lives’. If President Obama is re-elected in November this could well be the defining description of his second term as he will face a much more restrictive political environment than he faced in 2008. If returned to the White House he will likely be confronted with a House of Representatives controlled by the Republicans and a closely divided Senate. If this is the case then President Obama will be focused on defending the accomplishments of his first term instead rather than pursuing more of the ambitious legislative projects which defined it.  

Whether Barack Obama or Mitt Romney wins in November the president will be constrained by the political composition of Congress and particularly the Senate. In contrast to 2008 when the incoming President Obama entered office with a Senate majority of 60, the best the winner of 2012 race can hope for is a slender majority in the upper chamber. If Mitt Romney wins he will face a Democratic Caucus eager to use the full arsenal of procedural delaying tactics that the Republicans used in Obama’s first term.

The USA may be entering a period where the Republican Party seeks to wield power through Congress, the strategy the Democrats used for much of the 20th century. The recent census resulted in traditionally Democratic states like New Jersey loosing Congressional seats whilst states like Texas gained them. Winning the Senate is a key objective for Republican Super PACs such as Karl Rove’s Crossroads GPS who are looking to win the four seats which would secure the Senate for the GOP. With many more Democratic Senators facing re-election in 2012 the Republicans have a structural advantage in the General Election which will make their pursuit of a Senate majority that much easier.

If President Obama wins his second term and faces a Republican controlled House and Senate then his domestic priorities will likely be defensive in nature. He would look to defend the Affordable Care Act, his signature achievement, from any Congressional attempt to defund it. Critically he would seek to defend Democratic spending priorities, such as Medicaid and Medicare, from bearing the brunt of any contraction in federal spending.