Political Capital

In my last post I discussed whether the Dunce in Chief would spend some of his "political capital" to drive needed funds to New Orleans. After his reelection in 2004 Bush announced that he had this capital and was going to spend it. Now here's the problem when it comes to spending it for New Orleans and the rest of the Gulf Coast. Bush treats political capital like money. In little more than a year, he's run up massive deficits in political capital which are beginning to catch up with the federal budget deficit. After his Katrina response, the quagmire in Iraq, the domestic wiretapping, the port deal etc etc, he's running out of political capital creditors.