David Brooks makes a great point in his column today about Newt Gingrich’s temperament:
I’d make that same point in a slightly different way.
Presidents always aspire to set the course for the nation’s domestic governance, and some occasionally succeed: Reagan, Johnson, Obama for the first 18 months of his presidency.
More typically, however, the president finds his direction rebuffed by Congress, which does the job instead: Clinton, George H.W. Bush, Carter, Ford, Nixon, etc.
What presidents must inescapably do is respond to emergencies: eg, the financial crisis of 2008, the 9/11 terror attacks, the financial crises of 1997-98, the invasion of Kuwait, etc. And there, what usually ends up mattering most is not the president’s philosophy, but his judgment, coolness and steadiness. Those are the grounds on which Romney reassures and Gingrich terrifies.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.