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(AP Photo/Pablo Martinez Monsivais)
(Bloomberg View) — Sometimes it’s hard to see why presidents want to wait around for a second term; that seems to be the point where it all goes to heck. Nixon had Watergate; Reagan, Iran-Contra; Clinton, impeachment; Bush, Katrina and the steady decline of Iraq. Now Barack Obama, too, seems to be entering into the unpleasant, scandal- and headache-ridden phase of his presidency.   See also:  Were HealthCare.gov warnings overlooked? 

My father, who is a wise man, once pointed out to me that scandals are practically inevitable in a second presidential term because there are a lot of people in an administration, and as the years wear on, the probability that one of them has done something insalubriously newsworthy approaches certainty. Such as creating special, off-the-books waiting lists at their Veterans Administration hospitals in order to collect their performance bonuses. Or experiencing a series of unfortunate events rendering them unable to provide subpoena’d documents.

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