quarta-feira, 3 de novembro de 2010
TEc - "How did it come to this?" - asks The Economist of Obama's fading popularity.The going is tougher ahead but hope remains.
Won't even attempt go into the technicalities of governing a country with a huge private-sector economy made fragile by years of easy credit, spending binges and financial recklessness.
Barack Obama's two-year White House stint could hardly have achieved more in so far as jobs are concerned.
It is only fair to acknowledge his Administration's diminished blame or fault delivering quicker after the overpowering debacle of 2008.
Change has come to the USA in ways that are not tangible enough to the average American yet.This mostly explains the popularity loss suffered by Democrats readily seized by political opponents whose main thrust stems from frustration and anxiety over economic underperformance.
America's electoral cycles while ensuring a near-perfect system of checks and balances may nonetheless prove extremely vulnerable to shifts in public sentiment due to timescales being very tight .
The US finds itself in a changed world setting with China's quick rise and major multiple shifts undermining its hitherto unchallenged role as the single dominant political, financial, economic and military superpower.
The upheavals of its domestic politics are also a reflection of increased uneaseness with a predictably ever diminishing role.
Not yet over military capability and outreach or external trade - the US economy is by no means dependent - but certainly due to its grossly unbalanced public finances, excessive external debt, debtor nation status, sluggish internal market and fast declining manufacturing without clear volume-alternatives found as yet.
Obama's job has now been made considerably more difficult.Losing the House of Representatives is a major blow that is hard to recover from.It cannot be underestimated for the wider political fallout, especially getting legislation through that would accomplish that promise of change.
It will now be for him to demonstrate Yes he Can despite it all...
His Administration's judgment day, however, is not due until 2012.
Barack Obama's two-year White House stint could hardly have achieved more in so far as jobs are concerned.
It is only fair to acknowledge his Administration's diminished blame or fault delivering quicker after the overpowering debacle of 2008.
Change has come to the USA in ways that are not tangible enough to the average American yet.This mostly explains the popularity loss suffered by Democrats readily seized by political opponents whose main thrust stems from frustration and anxiety over economic underperformance.
America's electoral cycles while ensuring a near-perfect system of checks and balances may nonetheless prove extremely vulnerable to shifts in public sentiment due to timescales being very tight .
The US finds itself in a changed world setting with China's quick rise and major multiple shifts undermining its hitherto unchallenged role as the single dominant political, financial, economic and military superpower.
The upheavals of its domestic politics are also a reflection of increased uneaseness with a predictably ever diminishing role.
Not yet over military capability and outreach or external trade - the US economy is by no means dependent - but certainly due to its grossly unbalanced public finances, excessive external debt, debtor nation status, sluggish internal market and fast declining manufacturing without clear volume-alternatives found as yet.
Obama's job has now been made considerably more difficult.Losing the House of Representatives is a major blow that is hard to recover from.It cannot be underestimated for the wider political fallout, especially getting legislation through that would accomplish that promise of change.
It will now be for him to demonstrate Yes he Can despite it all...
His Administration's judgment day, however, is not due until 2012.
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