Why Time is not on the Side of Obama's Policy Agenda
- While the President doesn't have to face reelection until 2012, many in his own party are facing tough fights in 2010. For them, their political future is measured in months, not years.
- Particularly vulnerable in 2010 is Senate Majority Leader Harry Reid (D-NV) who is facing the most difficult race he has had in years. He is single handily derailing Obama's health care reform efforts in order to make sure he has a seat in the next Senate. Furthermore, he was quick to dismiss the need of another stimulus package citing the imperative to prove the others have worked. While some Members of Congress are crying that it should not go on vacation until health care reformed is passed, Reid disagrees and plans on taking the scheduled break.
- We have the highest unemployment we have seen in decades and as every point goes up, the popularity of the President goes down. Projecting the effects of the current policies, many are assuming the unemployment rate will be close to 20 percent by the end of the year and then that should sound the end of any political capital necessary for Obama to achieve serious "reforms" in this Congress.
There is a saying that, "when your neighbor loses a job it is called a recession and when you lose a job it is a depression." For most Americans, jobs are where the "rubber meets the road." Unless Obama enjoys a miracle in the job creation department, his agenda is in serious jeopardy.
Kevin Price is Host of the Price of Business, the longest running show on AM 650 (M-F at 11 am) in Houston, Texas and on AOL Radio. His articles often appear in Chicago Sun Times, Reuters, USA Today, and other national media. Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com. You can also find Price on Strategy Room at FoxNews.com.
Labels: 1994 Congressional Elections, 2010 Congressional Elections, Barack Obama, Harry Reid, Rationed health care
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