THINK!

It is premature to make any such predictions at this stage of political season. Having said that, the signs are not good for this administration. In case the much touted health care overhaul goes down the drain, Barack Obama might be in a serious trouble for the mid-term congressional elections next year. This presidency is going to be judged on the basis of the economy at the time of the reckoning! Yesterday on Fareed Zakaria GPS, Nouriel Roubini, Mort Zuckerman and Niall Ferguson were all very pessimistic about the short-term future of the US economy. Barack Obama has failed to show any understanding of the complex situation of not only the American economy but also the world at large. The United States needed economically a very savvy president at this stage of the game. The social agenda of a classical liberal like Barack Obama is not what the country is looking for.

Internationally, the Obama administration is promoting disarmament, nuclear non-proliferation and global warming. These are important issues but not at this time. Barack Obama should be talking about economy, economy and economy. Translation, fast-tract the Doha Round of trade negotiations, some kind of global agreement in G-20 summit and an agreement on energy demand and supply. A stable energy supply and price could quickly translate into a stable financial environment. These are important global issues and would impact the US economy in a short, medium and long term. Seeking friendship with the Muslim world, finding a solution to the Afghanistan War and other non-economic issues can move along at a much easier speed. What could destroy this presidency is an absolute ignorance of the world situation by this very talented team. This is a very different and complex world. Nobody should wish this young president to fail!

Filed under: American Tagged: | Barack Obama, classical liberal, Doha Round, Fareed Zakaria-GPS, G-20 summit, Mort Zuckerman, Muslim World, Niall Ferguson, Nouriel Roubini, US Economy