Iraq is imploding as Republicans and Democrats alike are scratching the heads as to what went wrong. Meanwhile, party gridlock in Washington has brought any sense of responsible governing to a standstill. The President faces what may well turn out to be his single biggest crisis during his time in office, and he spent most of last week vacationing on California golf courses. Are we observing a freak show or what?
On November 6, President Barack Obama won re-election by a relatively slim margin in the popular vote. He was re-elected despite his stewardship of a horrible economy and with the help of a clueless opponent who played political prevent defense during the last few weeks of the campaign.
Pulitzer Prize winner Bob Woodward has a new book out this week, (The Price of Politics) where he focuses on the first term missteps of the current president. He concludes that to be successful, presidents need to “work their will -- or should work their will -- on the important matters of national business.” Woodward concludes that one of the best examples of a president who can “work his will” is the guy who overshadowed all the other speakers at both recent political conventions. Bill Clinton.
In this troubled economy, Americans are hurting, especially the middle class. A new Pew Research Center report indicated that the middle class is shrinking and becoming poorer.
Median household income and net worth are down sharply as 85% report that it is more difficult than a decade ago to maintain their standard of living. These statistics just confirm how tough of an economic climate America faces today.