The Economist on a 'Failed President'

http://www.futureofcapitalism.com/2009/07/the-economist-on-a-failed-president

We've noted here and here and here that the foreign press seems less enthralled by President Obama than does the American press. The latest harsh assessment comes from the Economist, in a column headlined "The Cult of Obama." The column says, "Mr Obama is clearly not the socialist of Republican demonology, but he is trying to extend federal control over two huge chunks of the economy—energy and health care—so fast that lawmakers do not have time to read the bills before voting on them....because the Obama cult has stoked expectations among its devotees to such unprecedented heights, he is especially likely to disappoint. Mr Healy predicts that he will end up as a failed president, and 'possibly the least popular of the modern era.'"

Jul 23, 2009 at 2:08 pm Related Topics:  Health Care, Press, Socialism receive the latest by email: subscribe to the free futureofcapitalism.com mailing list