Obama’s leadership vacuum - Right Turn - The Washington Post: "President Obama’s argument for reelection seems to be: 1) the economy is getting better, and 2) if I win I can work with Republicans.
The first argument has been essentially eviscerated by Federal Reserve Chairman Ben Bernanke. The Fed doesn’t come up with a super-charged printing press to flood the economy with dollars, push down bond yields and light a fire under the stock market if we are on the right track. QE3 is an emergency response to an economy that is headed for zero growth or contraction.
As for the second, the idea that if Obama is given four more years he could unlock the stalemate in Washington has been dealt a death blow by Bob Woodward’s book, “The Price of Politics.”
The bulk of the book is a step-by-step account of Obama’s unique ability to frustrate, annoy and blindside both Democrats and Republicans throughout the search for a grand bargain to address the debt. By contrast, VP Joe Biden comes across as responsible, digging for spending cuts with Republicans and trying to keep the process on track. (He came up with over $1 trillion in cuts both sides could live with.)"
We are screwed when Joe Biden looks like a genius.
Posts
