It never stops, does it?
White House reporters for The New York Times predict that the market collapse will force President-elect Barack Obama to abandon for now many of his campaign promises.
If his stimulus plan “doesn’t work out, he may very well be a one-term president,” said Jeff Zeleny, who covered Obama’s campaign. “It’s hard to imagine that he could be reelected if the economy’s in the exact same position four years from now.” (via)
Princeton, N.J.: Most of us far left, anti-war, pro gay marriage, single payer, high marginal tax rates, strong regulation types strongly supported Obama. But he has appointed people who were just wrong, on the war, on regulation, on the economy, on health care, etc. Obviously we have no where else to go, but do you think our lack of enthusiasm will hurt Obama?
Shailagh Murray: Perhaps. The big test will come in the 2010 midterm elections. If folks like you don’t show up, Democrats could suffer some surprising defeats.
I never thought a president elected with such fanfare would prove to be such an obvious failure before even taking office. But there you have it.
It’s hard to say who benefits most from all of this, Rudy Giuliani or Mitt Romney.
Obama still has a chance to save his embattled presidency by naming Mitt to be his auto czar.