I really need to stop watching cable news, but I had the idiot box on CNN last night and got to watch this spectacle:
JOHN KING, CNN CHIEF NATIONAL CORRESPONDENT: No.
But the reason, as you just heard Dana report, that Harry Reid, the Senate leader, wanted to schedule it sooner, rather than later, is, they believe, the longer it waits, as David just said, the more water the ship could take on when it comes to the TARP funding.
And — and David makes a key point, Anderson, because, politically, every day we get closer to that inauguration, and then, on Tuesday, this becomes Barack Obama’s economy. It’s Barack Obama’s bailout money. And it’s Barack Obama who is paying the price for the anxiety. He has a lot of goodwill. He has high public approval.
Even many people who didn’t vote for him want him to succeed. But guess what? They’re still mad about the economy, still don’t think this bailout is a good idea, don’t know where the money is going, and don’t think it’s getting to them on Main Street USA or to the bank on the corner of their street.
And that is now becoming increasingly — and is about to become completely — Barack Obama’s political problem, not John McCain’s, not George W. Bush’s, not the Republican Party’s.
Got it? Obama OWNS the economy the day he becomes President. His fault. That growth during the Clinton years- that was due to Reagan. The bad stuff from 2000 on, that was the Clinton economy, until, of course, the 20th, when it becomes Obama’s.
John King starts a new Sunday show on CNN from 9 am to 1pm. I have been given (not really) an advance copy of the topics:
“Will America survive the Obama economy?”
“Economic malpractice: Is impeachment of Obama off the table?”
“How Obama wrecked the economy before ever enacting one policy.”