Viewing the debt crisis from across the pond it seems from my prospective that Obama has simply not shown any leadership throughout this whole saga. He has allowed the Republicans, and Tea Party especially, to dictate the terms whilst he has been largely on the back foot.
The president figured that he could come to some form of agreement and compromise with the Republicans in the same way as his predecessor Bill Clinton did. He must now realise that many in the GOP hate him and would do anything to bring him down, even taking America to the brink of economic disaster. There is still a significant faction in the Republican party who still believe Obama was born overseas, is a Muslim and a ‘red under the bed’ socialist. He must concede that he has no friends in the GOP and start fighting accordingly if he ever wants to be re-elected President. At time of writing is Poll figures are at an all time low and any of the Republican nominees wishing to stand for President would wallop him.
The only positive is that the election is not now but in 17 months time. It is time Obama shows some gumption and start leading. It will take a lot to pull this around and much will depend on the state of the economy. If unemployment is still hovering between 9 and 10 per cent then the Republicans will be able to nominate a comatose jellyfish for President and still win by a landslide come November 2012.
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