10:29 pm. How is Obama’s closing statement so fucking sad, confused, and lame? He choked. He lost. He may even have lost the election tonight. -Andrew Sullivan
- "In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could." - Rudiger Dornbusch
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The BBC Business correspondent Aaron Heshelhurst ( forgive me if the spelling is incorrect ) said President Obama inherited a poisoned chalice.
Compared to the mess in Europe, America is doing pretty well.Ask the unemployed youth in Europe.
That is a good point, Kuldip. We were big supporters of the President. He did a great job with stabilization of the crisis but has failed on structural reform. Not sure that his philosophy will allow what is necessary to get the global economy out of its funk. In fact, we think government policies, including monetary, is now the problem.
I think the biggest problem in America are the politicians.Once you have a group of people who are prepared to score an own goal,you are starring defeat in the face.
We have a similar problem here in India.In fact,the world over,politicians are the problem.Politicians only want to win elections.
President Obama inherited huge problems.If he loses the election,i think America will have bigger problems.The Republicans will spend quite sometime undoing what President Obama did.