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 trad