Yes, 2016 -- not 2012. At least, more so than 2012. Is that possible?
Many observers have written that the 2012 election will be one of the most pivotal in history, and it's natural to assume that is so. Indeed, it's expected to be very close, and voters get to choose between what appear to be two dramatically different visions for the nation.
But I believe that whoever is elected will be constrained by reality, and will be singularly unable to impose an agenda that carries his vision very far toward fruition. In fact, I think the White House is now sort of like a hot potato, and that partisans on both sides better be careful what they wish for.
If Obama is re-elected, he will likely not be able to do much of anything. Republicans will almost certainly retain the House, and will have enough votes in the Senate to block anything of consequence. Therefore, Obama will be reduced to "nibbling-around-the-edges" sorts of stuff, such as continuing to press for something like the "Buffett Rule." He can hardly go five minutes without talking about the need for tax increases on the "wealthy" -- yet when pressed hard on the issue, he folds or uses the acceptance of continuing the tax cuts as a bargaining chip to trade for something else. I suppose he hopes people won't notice that it wouldn't make much difference in the size of the deficit.
Additionally, Republicans would probably win a few more seats in the 2014 election. The party that does not hold the White House usually does well in the midterms, especially if the economy is not doing very well. And Republicans could conceivably take the Senate that year as well.
If Romney wins the election, there's no telling what he'll do. Since I think his primary agenda is Mitt Romney becoming (and staying) president, I think he'll do whatever he deems politically expedient. In other words, I don't think he'll be any more likely than Obama to make tough decisions on taxes, the deficit, financial reform, or much of anything else.
Now we're facing what is commonly referred to as the "fiscal cliff" -- in other words, a planned combination (if Congress doesn't do anything about it) of spending cuts and tax cut expirations totalling about $600 billion. Most analysts believe that going off the "fiscal cliff" would plunge our very weak economy back into a recession.
But the deficit is double that size! True, we don't need to eliminate it all in one fell swoop, but we will at least need to reduce it gradually over the next few years.
However, that will take leadership and tough decision-making. Obama obviously has no interest in offering any such thing. But nothing I've seen suggests that Romney has, either. If so, he will have to concede right from the beginning that he's willing to be a one-term president. Prudent, responsible decisions will not be popular.
So it seems to me that an election victory -- by either party -- may soon look like a Pyrrhic victory indeed. We have a developing crisis with which we must deal, and neither candidate is equal to the task. Soon it may be widely realized that we need a real reform candidate to clean up a huge mess that was many years in the making, not just more nice speeches and a lot of happy talk from ambitious politicians.
Perhaps we will soon see a 21st century version of Ross Perot, but tougher and ready for a much bigger challenge than the one we faced twenty years ago.
Or maybe we will muddle through and slowly return to normalcy with no financial or fiscal crises. That's not the way I'd bet, though.