With all the hope created by the Obama presidency, it is out of fashion to be cynical. But Jim Vandehei and John Harris of Politico offered reasons to be skeptical about Obama’s chances, including:
– Some of Washington’s biggest blunders occur when the government moves to do big things with big support. Bush won the much-regretted Iraq war resolution of October 2002 with strong Democratic backing. The current economic crisis produces similar pressure to get on board the train – never mind for sure where it’s going.
– No matter how much confidence Obama or other politicians project, the reality is the current economic crisis has totally scrambled the intellectual assumptions of almost every policymaker. Improvisation is the only proper response. But the chances that improvisation will take the country to exactly the right destination – without some serious wrong turns along the way – seem very slight.
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