Lame Duck Quotes
The amendment was pushed by the Republicans in reaction to FDR's four terms, but its practical effect was to limit presidents Eisenhower and Reagan, both Republicans, to 2 terms while they each could have won a third term. Roosevelt had won 4 terms and traumatized the Republicans prompting them to term limit the American Presidency.
Eldest son of Robert Walpole. He originally coined the phrase to refer to a bankrupt financier. See {585555} for the first American political use of the phrase.
The reference was to President George W. Bush.
Buchanan us considered by most historians to have been the worst or one of the worst Presidents of the United States. At this point, he was a lame duck president with Abraham Lincoln, the President Elect soon to take office. This speech, just encouraged the South more than ever and helped to bring about the Civil War. His vacillation and lack of any leadership on the slavery question exacerbated the polarization that was tearing the nation apart.
Abraham Lincoln had already been elected.
This is the first use of the “lame duck” expression in a political context in the United States. 49 years earlier Englishman Horace Walpole had used the phrase in an economic context. See {585556}.
In 2006, President George W. Bush tried to Privitize Social Security, Privatization is a concept whereby individuals invest their own money in the Stock and Bond Markets in an effort to get a better return than the government Social Security System produces. However, the initial cost is very high. The idea might be good for an individual whose investments pay off, but there could be no old age coverage for someone who invests poorly, is unlucky or whose investing brokerage firm goes bankrupt. There would be a lesser or no safety net which people would be guaranteed as they are with Social Security. The Bush administration failed in a major defeat for the administration. Most people felt that it was a gamble and not woth the risk to have a little more money. Two years later, the Great Recession hit the nation, and if Sociak Security money were invested in the stock market, people would not have earned any money at all and half of all their savings would have been wiped out. Many people were reiring shortly and could not wait the 4 or 5 years to allow the stock market to recover. After that no one suggested Privitation of Social Security for years.
