In 2007, when I was governor of New York, I proposed that our state once again permit undocumented immigrants to obtain a driver's license. To say the proposal lit a firestorm in the political arena is an understatement.

I don't have any particular expertise-I've never been a banker or an investment banker. But I did see an evolution in the system that I thought was problematic.

The world has conducted a massive macro-economic experiment since the cataclysm of 2008. In Europe, the fans of austerity have had their chance, and the results have been a disaster.

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.

I have long said there are three distinct groups under the GOP's tent: theological warriors, who want to impose their social views on the rest of society; Tea Party zealots, who say with a straight face that they want the government to get out of their Medicare; and remnants of the pro-business moderates.

Health care reform, the marquee legislative accomplishment of the Obama administration's first term, was passed before we entered the world of divided government.

It sucks. I used to be governor of New York.