At today's econ forecast, former Bush economic advisor Keith Hennessey said Republicans tend to focus on the long term and let the short term take care of itself, while Democrats tend to focus on the short term and let the long term take care of itself. Former Obama economic advisor Christina Romer demurred somewhat, saying she was in the room when President Obama was planning economic policy, and he was very interested in the mid- and long-term economy, but he had to deal with immediate short-term matters.