Presidential Capital

Reader comment on: Reaction to ObamaCare Passing

Submitted by benjamin Geballe (United States), Mar 22, 2010 11:14

A common misconception about political capital is that you "spend" it. A more appropriate way to think about it is that you invest it. If you invest and win, you end up with more than when you began. The best book on this is by a Yale professor, Stephen Skowronek. But we can see evidence of this in past presidencies. Clinton was down after healthcare, and once he started building up wins on welfare and crime, he replenished his capital and went out with 60% approval. Bush won on the tax cuts, Iraq war votes and invested his capital in Social Security reform, which after it lost torpedoed the rest of his presidence (along with Katrina). Obama winning means he has more political capital to spend on the next item, probably financial reform.

Note: Comments are moderated by the editor and are subject to editing.

Submit a comment on this article

Other reader comments on this item

Title By Date
Coupd'etat [120 words]aintbeeMar 23, 2010 02:13
Reaction: [33 words]Lawyerchik1Mar 22, 2010 17:37
This is how freedom died [64 words]michaelMar 22, 2010 16:25
Pure luck [29 words]WJ AldenMar 22, 2010 15:47
Calm down
[w/response] [124 words]
benjamin GeballeMar 22, 2010 12:32
⇒ Presidential Capital [133 words]benjamin GeballeMar 22, 2010 11:14
and when party control changes? [111 words]Dan DMar 22, 2010 10:31
They'll double down [90 words]A momMar 22, 2010 08:28
Yeah, but... [37 words]alanstormMar 22, 2010 07:54
This bill is Unamerican [32 words]no it's notMar 22, 2010 07:36
This is just the beginning [93 words]C. B. ThompsonMar 22, 2010 07:35
growing health care costs-- THE REASON [119 words]Dave in DallasMar 22, 2010 07:33
reality [4 words]rubbishMar 22, 2010 02:06
Obama Fail [5 words]JayMar 22, 2010 00:28

Comment on this item

Mark my comment as a response to Presidential Capital by benjamin Geballe

Email me if someone replies to my comment

Note: Comments are moderated by the editor and are subject to editing.