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Politics : View from the Center and Left

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To: quehubo who wrote (105422)3/3/2009 10:40:50 PM
From: JohnM  Read Replies (1) of 541977
 
Obama is accelerating the financial decline in the markets which is just going to make his ability to govern even harder.

Who seriously knows what's driving the markets these days. One could just as easily argue that it's increasing perceptions as to just how deep and wide and long this economic downturn is. That it's much too early for any serious effect from the Obama administration to be measured.

Moreover, given the short term timelines that move the stock market, it's easier to argue that today's spin dictates the markets than to argue it's the actual proposals/programs of the Obama folk. More Cramer/Santelli than programs.

At this point if he delivered a recovering economy by next election one moving away from over consumption he would be a rated a success.

I fail to understand this point. You might wish to expand what you mean by it. My own reading, fwiw, is that we will have an extremely hard time getting back to "consumption" let alone "over consumption."
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