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Ah the fluidity of popularity, it is indeed a transient commodity, here today and gone tomorrow. Barack Obama just two very short years ago, was hailed by one and all as a Christ-like phenomenon, he was so popular that some felt he could walk on water. When he crossed the Mississipi his feet hardly got wet. No bridges needed for him, he glided across on the hot air of glorious expectancy and hope. He was held aloft as something of a Messiah by the black voter in the southern belt, and by the white blue collar voter in Milwaukee and Detroit.
But popularity at such a level in a politician is bound to fail and now his stock has gone south. No longer the darling of middle america, nor of lower america, nor of upper america. The bubble has burst.
In the mid term elections overnight in the US, the Democrats have been hammered. Obama is a Democrat of course, and the voting public have told him in no uncertain terms just what they think of him. And its 'not a lot'...so much so that his very own seat has switched allegiance and gone over to the Republicans. A humiliation.
But its too fickle by half. What can the voting public expect of one man. It is ludicrous to hold him up as the culprit for a worldwide slump, no more than it was to blame Gordon Brown here for the worldwide slump. It is true the US is in a down period suffering extreme economic difficulty, with massive job shortages etc. Obama can put the ground rules in place but cannot wave a wand, the recovery will happen in time when the conditions are right. In the meantime he and his party have been hung out to dry by a wave of Tea Party traditionalists.
Today the US prints vast amounts of new money for the second time..to buy up existing bad debt and stimulate the economy, its called quantitative easing. It will work, it should work, but if it doesnt work in the next two years, Barack Obama will be the shortest lived hero in American folklore and will be out of office and maybe even on the dole.
