"Another year older, and deeper in debt..."
Amazingly as it may seem, due to the extended campaigning system in the USA, Obama's campaign for re-election is getting under way. Seems no sooner are you in office in the States than you are planning your next campaign. Whenever do they find time to actually run the country?...
BO isn't getting it all his way. Afghanistan is a major issue for him with Republican candidates taking an anti-war stance and his liberal supporters openly voicing doubts as to when he is going to honour is pledge to bring the troops home. In an attempt to appease his critics, he has announced the withdrawal of 33,000 US troops in 2012, but many will be waiting for the get out clause...
And to make matters worse, several members of Congress are openly critical of Obama's decision to take action in Libya - albeit as far as I can see, somewhat limitted action.
And in the light of all this, economic gloom lumbers on...
Confidence in the housing market is low. Just 45% of US homeowners now believe their home is worth more than the mortgage. And 70% believe it would be bad for the nation if a failure to increase the debt ceiling leads to a default on the federal debt. However, 56% believe the failure to significantly cut federal spending would be even worse - so damned if you do, damned of you don't
So maybe at the end of the day, it will all come down to whether a candidate emerges to challenge Obama who can make people believe that anyone else could any better.
Frankly, I doubt it...
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