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Posts Tagged ‘social contract

Bold Is Better – Will Obama Step Up To The Plate?

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Euphoria is turning into something more useful. Paul Krugman conjectured yesterday whether Obama had what it takes to turn this country around.

The political lesson is that economic missteps can quickly undermine an electoral mandate. Democrats won big last week — but they won even bigger in 1936, only to see their gains evaporate after the recession of 1937-38. Americans don’t expect instant economic results from the incoming administration, but they do expect results, and Democrats’ euphoria will be short-lived if they don’t deliver an economic recovery. Read the rest of this entry »

Written by coolrebel

November 11, 2008 at 1:15 pm