Wednesday, August 18, 2010

Obama: On the Road to Another Failed Presidency

After eight disastrous years of Bush, it appears the Obama presidency is sliding into oblivion as well. His approval rating has been sinking for months and just hit over 50% disapproval on Gallup tracking for the first time.

The underlying context is a sputtering economy. And Washington has no answers because the political and ruling elite cannot imagine giving up empire. Their only answer for crisis is a reduction in the living standards of the general population, and a narrowing of the rather shaky meritocratic base that supports them. The moat is getting deeper and wider, the drawbridge going up.

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