Of course, if you want to know what the GOP should have actually done, it's they should have taken the astoundingly GOP-friendly deficit deal that Obama offered John Boehner way back when, passed it, and celebrated getting the largest long-term budget concessions that any Republican House majority ever scored from a Democratic president.
Mr. Obama often speaks of the traditional liberal goal of trying to redistribute the tax burden to reduce economic inequality, and at least in his public pronouncements has not emphasized the market-friendly, deficit-reduction aspects of the economic approach credited to former President Bill Clinton and former Treasury Secretary Robert E. Rubin in the 1990s.
One reason is that "consistency" is less effective in today's frenzied, attention-deficit-friendly society, where the average Western consumer is said to be exposed to more than 3,000 corporate symbols a day: that's everything from a logo on a passing truck to branded labels in the fridge.
One wouldn't expect a Labour/SNP coalition to be vigorous at getting down the deficit, or particularly friendly to any industry bar oil in tax terms.
Arun Jaitley, the finance minister, was less radical than some had hoped, but he nevertheless maintained a commitment to reduce the deficit and was more friendly in tone towards foreign investors than his predecessors.
The UCSD team also found a link between extraversion – a tendency to be talkative, friendly and highly social – and attention deficit and hyperactivity disorder (ADHD).
It added that where governments did need to reduce big budget deficits, action should be "growth friendly and equitable".
By three points, Americans favor Democrats on the normally Republican-friendly question of managing the federal budget deficit.
The Transparency Regulation was enacted under the premise that its disclosure-friendly rules would effectively mitigate the democratic deficit of the European Union.
He warned that the friendly interest-rate environment will disappear if deficits substantially goose the federal government's borrowing costs.
"This looks like a comprehensive win, and in the end it was, but, having to bat first in bowler-friendly conditions, and facing a first innings deficit, Worcestershire had to work really hard for success.
