In the highly charged, relentlessly partisan political climate of today, one only worsened by the ongoing presidential campaign, it is sometimes easy to forget that Romney isn’t exactly the Republican base’s favorite son.  Indeed, in their fervent desire to defeat President Obama, the dislike and distinct distrust that many on the far right have for Governor Romney has been effectively swept under the proverbial rug. If, however, Romney is successful in his quest for the presidency, this unity on the right will likely prove transient.

While it’s difficult to calculate the overall impact of the Bush tax cuts, the Great Recession might actually have made them less detrimental to America’s finances. Because the economic slowdown drastically reduced government revenues, gross domestic product was well below projections, and the loss of revenue was actually somewhat lower than the Congressional Budget Office initially projected. Nevertheless, the Bush tax cuts left America in a much weaker position to cope with the 2008 crash.