The second-term curse goes like this: A president (e.g., Richard Nixon,
Ronald Reagan, Bill Clinton, George W. Bush, etc.) wins re-election, but
then his presidency implodes over the next four years -- mired in scandals
or disasters such as Watergate, Iran-Contra, Monica Lewinsky, the Iraqi
insurgency and Hurricane Katrina.
Apparently, like tragic Greek heroes, administrations grow arrogant after
their re-election wins. They believe that they are invincible and that
heir public approval is permanent rather than fickle.
The result is that Nemesis zeroes in on their fatal conceit and with a
boom corrects their hubris. Or is the...