November 5

Power and Influence

Monday’s Big Idea

Today's Big Idea: Hyper-Polarization

While we don't expect a fundamental change in the way Washington functions, many expect the markets to rally following either a Romney or Obama victory. Why will either outcome be good news? We will at least have one thing that has been lacking for over the last year - certainty.

Markets hate uncertainty, but come Tuesday night (or perhaps Wednesday morning) we should have a pretty clear picture about what the government's path forward is on a wide array of fiscal issues. None of those issues looms larger than the fiscal cliff, the combination of spending cuts and tax increases scheduled to take effect at the end of the year.

And few people have been as crucial to the way this debate has been framed is the hyper-partisan president of Americans for Tax Reform, Grover Norquist, who has signed up a large majority of Republicans to pledge to oppose any form of tax increases. How will this pledge play impact the debate over the fiscal cliff given the various potential outcomes of tomorrow's election?

  1. 1 Grover Norquist: Hyper Pol in the...
  2. 2 How would you restore a bipartisa...
  3. 3 Who really has the power in Washi...
  4. 4 Howard Dean: Let's Go Over the Fi...
   
  1. Grover Norquist: Hyper Pol in the Age of Hyper-Polarization

    Grover Norquist: Hyper Pol in the Age of Hyper-Polarization

    In an age of hyper-polarization, Norquist represents ideological rigidity at its core. So does this make him a hero or "the roadblock to realistically reforming our tax code"? 

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  2. How would you restore a bipartisanship spirit to Washington?

    How would you restore a bipartisanship spirit to Washington?

    Compromise does not get us into situations we don't want to be in, Mike Gravel says.

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  3. Who really has the power in Washington?

    Who really has the power in Washington?

    Power isn't exercised in Washington.

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  4. Howard Dean: Let's Go Over the Fiscal Cliff

    Howard Dean: Let's Go Over the Fiscal Cliff

    The "fiscal cliff" is so named because the change it describes will not be gradual, but steep and dramatic. Howard Dean argues that pain is necessary in order to restore fiscal sanity. 

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