Showing posts from December 27, 2010

Can Obama prove to be the Comeback Kid?

Business Times - 28 Dec 2010 Can Obama prove to be the Comeback Kid? It all depends on the pace of economic recovery and how fast unemployment rate drops By LEON HADAR WASHINGTON CORRESPONDENT AFTER US President Barack Obama and the Democrats had taken a 'shellacking' in the midterm congressional and gubernatorial elections in November, and the White House occupant's approval rating dipped to under-50 per cent, the media were starting to portray Mr Obama as a 'has been', a one-term failed president a la Jimmy Carter. It was nice knowing you, Barack. Well, that was three or four weeks ago. Bye, bye the Old Narrative. And hello the new one: Obama, the Comeback Kid. Indeed, Mr Obama seemed to have had a very successful December: Congress approved a spending and tax cut bill that amounted to a new economic stimulus package, and notwithstanding some Republican opposition, US lawmakers voted to repeal a controversial 'don't ask, don't tell' policy regardin