Ed Rollins

The Republican Party, which John McCain led as our nominee in 2008, is going to become irrelevant if we become the party of intolerance and hate. The party founded by Abraham Lincoln was a party that fought slavery and intolerance at every level.

What we won't become is a 'Democratic Party lite!' We are a party that wants smaller government and lower taxes. Obama and the Democrats do not. We are a party that wants to encourage small business. We are a party that has a large constituent group that believes in a social agenda and we will not abandon them.

Self-indulgence is something to watch, but anything that helps you understand situations that are difficult to understand is good. If you're having some sort of emotional trauma, you need to find a person to talk to about it who says, 'This is quite normal; it's fine.'

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.