Jay Ambrose, Washington Times
Suppose, as seems a distinct possibility, that the sloppily crafted, spend-to-oblivion stimulus package does precious little near-term good while causing eventual runaway inflation, a teetering dollar, huge tax increases and overall diminution of American prosperity and power. Will Barack Obama pay a political price?
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Maybe not. Franklin Roosevelt’s New Deal fiscal policies did not end the Depression and may have done more harm than good, but he was perceived as bold and caring, a dynamic leader making the best of the situation while here and there easing pain.
President Obama’s approval ratings are high. He has excited the country as a man of exceptional intellect and a seemingly calm, determined, self-possessed temperament. He conveys a sense of genuine regard for the welfare of others. He is widely viewed as honest and someone intent on doing the right thing whatever the obstacles.