The Obama presidency won’t be doomed if the public option and cap-and-trade fail to pass. If the normal trends of the business cycle prevail and the economy recovers before 2012, Obama will probably be re-elected. But like Bill Clinton before him, Barack Obama will have lost his chance to become the historic liberal change-agent he aspires to be. Republicans will likely eat into the Democrats’ huge congressional majorities in 2010. Obama’s moment is now.
Wednesday, August 26, 2009
Chris Vance opines that Barack Obama is running out of time to be a catalyst for progressive change and is likely to become a diminishing-returns replica of Bill Clinton: