Why Bush Has No Fear

Since Cheney won't be his heir, the President can spend his capital freely

There is an unusual feature to the second Bush Administration that is extraordinarily important but has been almost entirely overlooked. For the first time in a half-century, a two-term presidency will end without sending out its Vice President to seek a mandate for succession at the next election. Vice President Cheney will not run for the presidency, and everyone knows it. When these eight years are over, the Bush-Cheney Administration will simply close up shop.

Nothing like that has happened since the 1950s. The five two-term administrations before this one were all followed by an election in which the big man's...

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