The effect is going to be to indefinitely defer things he's wanted to do, like Social Security [restructuring].

Bush has got a big hole to dig himself out of.

He's provided good political judgment on campaigns, but not good political judgment on getting legislation through.

It bothers me enormously how we've responded to this problem. This is just way out of bounds.

An impeachment itself would reduce the uncertainty. An impeachment would take the volatility out (of the market) to the extent that the volatility was caused by questions of who would be president.

That was the case with the Reagan administration in 1986.

You'll have a greater ability of Republicans to deliver what they want in Congress.

I'm guessing it's not going to go anywhere unless there's significant Democratic support.

Embedded part of our fiscal picture.