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Where's the Mutual Skin in the Washington Game?

By Harry Smith

Warren Buffet once said one way to judge an investment is to see if the insiders of a company have skin in the game. That is to say, have they used their own money to build their business. President Obama's biggest miscalculation on the health care bill was to exclude the Republicans. Sure, there were meetings and negotiations. But, when all was said and done, the Republicans were on the sidelines. They had no skin in the game - no stake. Health care became a wedge issue. The Republicans said the Democrats are just trying to grow the government. They called health care reform socialism and worse. The mid-term election was a blood bath for Democrats, and now the president has some really tough decisions to make. Polls show Americans don't want gridlock. They want cooperation between the White House and Congress. Are there issues where both sides can have skin in the game? Earmarks are a start. But then what?

Just a Minute...I'm Harry Smith, CBS News

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