Saturday 8 October 2011

Is President Obama On His Way Out?


President Barack Obama tapes the weekly address, White House Photo, Lawrence Jackson, 10/7/11

The 54 Trillion Dollar Question: Is Obama On His Way Out? -- Daily Mail

As America approaches the third anniversary of Barack Obama's historic election victory, the country is mired in economic gloom.

Expectations were absurdly high in the autumn of 2008, stoked up not least by the victor's own campaign team. Yet Americans now seem bemused by how, exactly, it could all have gone so wrong.

In the run-up to his election victory, Mr Obama won praise for keeping quiet about the economy. It was the time of the collapse of investment bank Lehman Brothers, and the financial situation was shifting quickly: since it was hard for anyone to predict what would come next, silence seemed wise.

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