Mr. Obama, therefore, has an unlikely degree of freedom to throw overboard his agenda and go for growth without fear of his public abandoning him.
From the start, he has seemed uniquely detached and noncommittal about his own policy positions, as if he was entertaining them only to see if they might be useful to him. Let’s not underestimate this advantage over lesser politicians, who get trapped by their rhetoric. Let’s also hope Mr. Obama takes advantage, becoming the “growth” president and saving the big initiatives for his second term. Otherwise, with the AIG disaster before him, he may be remembered as the president who nonetheless blundered into similar disasters trying to manage Citibank et al.
Don’t bet on Obama becoming the “growth” president.
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