Thousands of conservatives from across the country gathered in Washington late last week to consider the future of the movement. The first Conservative Political Action Conference since last fall’s election took place in a radically different environment than the one held right after the last presidential cycle: That year, there was widespread talk of a permanent GOP majority, and a never-ending housing boom. Now, Democrats sit in the White House and hold the power on Capitol Hill - and the housing bubble seems like a distant memory.
This year’s event was held as financial woes mount nationwide, and elements of President Obama’s blueprint for economic recovery continues to make its way through Congress. As House Republicans face an uphill climb in their quest to help shape the country’s fiscal agenda, Rep. Paul Ryan - ranking Republican on the Budget Committee, and the first speaker at CPAC this year - gave CNN's Bob Costantini his take on the latest developments.
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