ARC Post-Mortem: Chris Christie Afraid to Bite the Bullet

After yesterday’s ARC decision, I couldn’t help thinking of this morsel of wisdom from New York Lieutenant Governor Richard Ravitch last April:
The difficulty, politically, in my judgment, is very obvious. There are very few short-term dividends, for people who run for office, in long-term investments. They don?t get the benefit out of it… [...]

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