Since the Republican Senate victory in Massachusetts on January 19 and the collapse of Obama’s domestic agenda, the parallels between Obama now and Clinton in 1994 have come into sharp focus. The president, by the way, told the anchors Republican Scott Brown won because he was the better candidate, not because he made opposition to Obama’s policies the centerpiece of his campaign.
To save his presidency after his stiff rebuff in the midterm elections, Clinton lurched to the political center. He adopted a strategy of “triangulation” that involved painful compromises with Republicans, who had captured the House and Senate. It worked. Clinton glided to reelection in 1996, defeating Republican Bob Dole by 7 points.
Though it’s rarely acknowledged, Clinton’s most significant successes in the White House were all in conjunction with Republicans: the North American Free Trade Agreement in 1993, welfare reform in 1996, and balanced budget legislation in 1997 that included a cut in the capital gains tax rate from 28 percent to 20 percent that spurred the financial boom and budget surplus of his second term.
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