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Tuesday, January 28, 2014

Sorry, Obama is No George W. Bush

     We keep hearing how the President is in a 'malaise' and that he's even entered 'George W. Bush terrirtory. ' Of course, the observation is always made by people like Joe Scarborough and it sounds more like wishful thinking than anything.

     

     Here though I think Krugman has a good answer to all this kvetching.

     "Something I wanted to say, but didn't get a chance. There's all this stuff about whether Obama's a lame duck, about whether he still has a chance to b ea transformational President."

      "Hey, in a fundamental sense he's been a lame duck since November, 2010, faced with scorched earth opposition to anything he proposes. But he's also, and already a transformational President. Health reform is the law and it's rapidly becoming irreversible.(At this point it looks as if there will be around a million fewer signups by end-March than projected-6 million instead of 7 million. That's really not too bad. Financial reform has been better and stronger than expected. Effective tax rates at the top have retraced a lot of ground."

    "Basically by winning 2012, Obama solidified his legacy. Everything else is maneuvering for fairly small stakes."

    http://krugman.blogs.nytimes.com/2014/01/28/prisoner-of-the-green-room/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs&region=Body

   UPDATE: Later we discover that the White House is declaring that 9 million will be signed up by the end of March-if so that will blow the goal out of the water and truly be shocking

    http://krugman.blogs.nytimes.com/2014/01/28/prisoner-of-the-green-room-2/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs&region=Body

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