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It's counterintuitive, but the most divisive arrangement is when the same party controls both Congress and the presidency, a situation encountered in eight of the past 10 years. With government unified under a single party, the minority has the least possible incentive to cooperate with the majority. ↗
Not since the steam engine has any invention disrupted business models like the Internet. Whole industries including music distribution, yellow-pages directories, landline telephones, and fax machines have been radically reordered by the digital revolution. ↗
Obama's view of the tax code is inherently political: Whom can we hit next? Energy companies, jet owners, bankers? Instead, the question should be how to promote economic efficiency by raising revenue without trying to manipulate corporate or personal behavior. ↗
Office holders are a self-selected group; you don't get elected if you don't put your name on the ballot. There are many people who would do a great job, but who would never think to run. Find them. Badger them. Get them elected. They might not thank you for it, but a lot of other people will. ↗
Politics thrives on simple, clean messages, something that played to Obama's advantage in 2008. Stagnant unemployment and the loss of America's AAA rating are as simple and tough as they come. This is the economy on Obama's watch, and there's no one left to blame. ↗
