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Wednesday, August 11, 2010

Has Obama Run Out of Economic Options? Michael Hirsh, Newsweek

As the grim jobs news continues, and with no hope for more government stimulus, the president finds himself without a solution.
J. Scott Applewhite

Since he first came from nowhere to outmaneuver Hillary Clinton in the 2008 presidential campaign, Barack Obama has been deemed brilliant at political chess. Like any grandmaster, Obama can think several moves ahead, and he knows when to concede a tactical setback, as he’s already done by indicating that the GOP is going to show strong in the upcoming congressional election. So it wouldn’t be surprising if Obama were starting to worry about what lies even further down the board. So bleak is the economic outlook that the president may find himself running out of moves—perhaps even in danger of being checkmated—as he faces reelection in 2012.
http://www.newsweek.com/2010/08/09/has-oba...ic-options.html

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