What does it mean to be called politically bankrupt?
Origin
A political party that has no policies or beliefs is politically bankrupt. It lacks a purpose because it has no focus, and therefore it has no direction. If you are called politically bankrupt by someone, it is meant as an insult. The term originated in the United States, where the two major political parties have been called "the Democrats" and "the Republicans." The former party is associated with liberal values, while the latter party is associated with conservative values.
Politically bankrupt
"Politically bankrupt" carries a negative connotation: if you are a politician running for office, being called politically bankrupt means that you don't have any ideas worth voting for. Also, if your political party is called politically bankrupt, it could be seen as a reflection on you—if your party's platform lacks direction and purpose, is there reason to believe that you would be able to lead effectively?
Historical meaning
The phrase "politically bankrupt" is thrown around a lot in the media, but what does it mean? It seems to be used as an insult—it's practically the go-to insult for conservative news commentator Sean Hannity, who uses it repeatedly to describe liberal politicians. But what does it mean for a political party to be bankrupt? Is it just a metaphor, or does it have some historical meaning?
It turns out that "bankrupt" has been used to describe political parties since at least the late 19th century. In 1882, during a discussion of third parties, Vice President Chester A. Arthur proclaimed that "The Republican Party has become politically bankrupt." He said this while giving a speech in which he both condemned third parties and warned against future attempts at creating them.
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