Sunday, June 21, 2009

Op-Ed Columnist - Obama’s Make-or-Break Summer - NYTimes.com

The test for Obama is simple enough. If the fortunes in American households rise along with Wall Street’s, he is home free — even if his porous regulatory fixes permit a new economic meltdown decades hence. But if, in the shorter term, the economic quality of life for most Americans remains unchanged as the financial sector resumes living large, he’ll face anger from voters of all political persuasions. When the Fox News fulminator Glenn Beck says “let the banks lose their tails, they need to,” he illustrates precisely where right-wing populism meets that on the left.
Op-Ed Columnist - Obama’s Make-or-Break Summer - NYTimes.com
Blogged with the Flock Browser

No comments: