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Can Obama Repeat Clinton's Success?

Business Times - 12 Jan 2011
Can Obama repeat Clinton's success?
He faces heavy odds as global and national economic environment now is very different from the prosperous 1990s
By LEON HADAR WASHINGTON CORRESPONDENT
AMERICAN business leaders and centrist Democratic Party figures have been applauding US President Barack Obama's appointment of banking executive William Daley as the new White House chief of staff and of economist Gene Sperling as the new director of National Economic Council.
Both Mr Daley, an executive at JPMorgan Chase, and Mr Sperling, an adviser to Treasury Secretary Timothy Geithner, had served in the administration of former president Bill Clinton, and are expected to assist the Obama administration in pursuing a more pro-business strategy aimed at accelerating the sluggish economic recovery, and in the process, help Mr Obama win re-election.
Hailed by critic
Indeed, the appointment of Mr Daley, a secretary of commerce under Mr Clinton who had been a central playe…