White House reporters for The New York Times predict that the market collapse will force President-elect Barack Obama to renege on many of his campaign promises, and one warned that he may be a one-term president if the economy doesn’t improve. Read More
Thats what happens when they back out of promises that was made to the American people. Obama’s problems has just begun. The statement of being ready the first day is already forgotten because its not possiable, and was not a wise thing to say! The wet behind the ears starting to show.
According to a NYT story, these are some of the hopechange measures likely to fall under the bus.
Although Mr. Obama has not publicly identified which priorities will have to wait, advisers and allies have signaled that they may put off renegotiating the North American Free Trade Agreement, overhauling immigration laws, restricting carbon emissions, raising taxes on the wealthy and allowing gay men and lesbians to serve openly in the military.
In other words, it’s the dumbest and least popular proposals that will be axed, meaning, I suppose, that the recession has a silver lining.
“Liquidate stocks, liquidate real estate, liquidate progressives’ silly ideas.” — Andrew Mellon (with writer’s embellishment)