The President is spending enormous political capital on health care reform. The rush strategy that worked so well with the so-called stimulus bill isn’t working with health care. The rush to pass any kind of health care reform makes sense to the White House. Obama wants to cash in his popularity, but it’s probably too late. None of Obama’s major policies have been popular. Even his pick for the Supreme Court is decisively unpopular. The price of change is finally taking its toll on the White House. Obama’s approval ratings are taking a beating and the Democrats are trailing Republicans on the generic ballot. All those Democrats who ran under the flag of fiscal conservatism in 2006 could be gone in 2010 if they blindly support the White House. Now that the president’s popularity is under 50% his ability to bully Congress is diminished.
No one ever said being president was easy. The stock market is starting to surge and housing market appears to have bottomed a few months ago. These are the silver linings to the dark clouds over the White House. While Obama’s hope for enacting major reform may be ending the future still looks bright.
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