-The opinions are the author’s own-
By the end of this week, the U.S. will face a government that is unable to act to aid the economy and a Federal Reserve that is unable to stop.
By Joshua Spivak
The opinions expressed are his own.
With the Democrats thought to be facing a tidal wave of voter anger, and Republican incumbent Senators already being swept out of office in record numbers, the one person who seems unconcerned is President Obama. He has good reason not to sweat: while conservative activists are hoping the 2010 result is a harbinger for the presidential election, history shows that even disastrous mid-term elections don’t say much about a president’s re-election chances.
Mickey Kaus gives his theory:
It’s easy to forget that, even if Obama’s health care effort is bogging down, the effort itself still serves his presidency as a crucial time-waster, tying up Congress and giving him a reason to postpone (or the public a reason to ignore) those other divisive, presidency-killers. Obama needs some excuse for putting off unpopular Democratic demands; health care’s a good one. If he keeps failing to pass health care until spring, that might not be such a bad outcome. In fact, even quick passage was maybe never in his interest. There are things more unpopular than struggling. ... Cap and trade, immigration legalization, “card check”—these are not what you’d call confidence building appetizers leading up to the main course of Obama’s presidency.