Spent Capital

I’m Baaaack. Sorry for the interruption in service folks. I’ve been indisposed, but now I’m right as rain and ready to rumble. Or thunder. Or something…

And what do I see first thing? Bush’s Political Capital Spent, Voices in Both Parties Suggest. Sweet.

Two days after winning reelection last fall, President Bush declared that he had earned plenty of “political capital, and now I intend to spend it.” Six months later, according to Republicans and Democrats alike, his bank account has been significantly drained.

In the past week alone, the Republican-led House defied his veto threat and passed legislation promoting stem cell research; Senate Democrats blocked confirmation, at least temporarily, of his choice for U.N. ambassador; and a rump group of GOP senators abandoned the president in his battle to win floor votes for all of his judicial nominees.

With his approval ratings in public opinion polls at the lowest level of his presidency, Bush has been stymied so far in his campaign to restructure Social Security. On the international front, violence has surged again in Iraq in recent weeks, dispelling much of the optimism generated by the purple-stained-finger elections back in January, while allies such as Egypt and Uzbekistan have complicated his campaign to spread democracy.

The series of setbacks on the domestic front could signal that the president has weakened leverage over his party, a situation that could embolden the opposition, according to analysts and politicians from both sides. Bush faces the potential of a summer of discontent when his capacity to muscle political Washington into following his lead seems to have diminished and few easy victories appear on the horizon.

Well, yes. But it’s because he never had any political capital to begin with. This was a big lie, just like the alleged mandate. He had neither. There was just enough of a fading vestige of 9/11 around (and enough of the media’s unctuous sycophancy) to keep a little of that hi-pro glow on the Prez. But he never had a mandate for any of his policies. These guys rode a wave, they didn’t win a landslide.

At some point hype, like helium, dissipates and you are left with nothing but the flaccid balloon. Junior and Rove are not geniuses or political wizards who have reshaped politics in their image. They are the guys who got in on a hummer in 2000 and were in office on 9/11. Period. The only truly impressive legislative victory has been passing massive tax cuts for rich people, which is hardly a difficult thing to ask politicians to do when you also break open the pork barrel and let them gorge on all the pig they can possibly stomach. That’s quite an achievement.

The fact is that Junior has been a lame duck since January 21, 2005. And I believe he’s happy with that. All he ever cared about was getting legitimately elected and doing what his father did not — win a second term. He doesn’t give a damn about legacy. As he famously said, “History, we don’t know. We’ll all be dead.”

He’s just going through the motions, like a high school senior who’s already been accepted to college. The Republican caucus is under new leadership — the GOP PepBoys Dobson, Frist and DeLay. I’m beginning to look forward to 2006.

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