Posts

Showing posts from December 9, 2010

Obama again confounds supporters and critics

Business Times - 10 Dec 2010


Obama again confounds supporters and critics

Deal with Republicans and avoiding confrontation show his pragmatic approach

By LEON HADAR
WASHINGTON CORRESPONDENT

MEMBERS of the progressive wing of the Democratic Party were hoping that President Barack Obama would emerge from the 'shellacking' his party had endured in the midterm Congressional elections promoting a new political brand.

Gone would be the old bipartisan Obama who for two years had been trying to work with the Republican opposition in drafting legislation aimed at accelerating the economic recovery and getting a Big 'NO!' from them in return.

Instead, they hoped, a New Obama would be drawing out the ideological distinction between the pro-business and Wall Street oriented Republicans and pro-working class and the Main-Street leaning Democrats. He would be insisting that the Bush-era tax cuts not be extended to America's millionaires and billionaires, supporting 'fair trade…