Barack Obama’s White House legacy: avoid it like the plague – FT.com

English: Barack Obama delivers a speech at the...

English: Barack Obama delivers a speech at the University of Southern California (Video of the speech) (Photo credit: Wikipedia)

This is a MUST READ article by Edward Luce, published  in the FT. It’s currently  top of the FT’s most-read list. Check it out!

via Barack Obama’s White House legacy: avoid it like the plague – FT.com.

It’s widely known that Obama is a lame-duck president with limited power. Indeed, some like my colleague, John Gelmini, believe that Obama has always been a lame-duck.

Surely, the acid-test is the results and the achievement? I  shall leave my US colleagues to debate US healthcare but, for me, the focus remains firmly on US foreign policy and  effective deployment of US military muscle. The FT article concludes that Obama still has half his term  to go. Surely, another two years of Obama signals greater risk than opportunity?

Surely, Obama is now  only after the money that comes after  his second term, otherwise, if he was really public spirited he should resign and give a more effective leader a chance?

Any thoughts?

 

 

 

 

 

 

 

Weary US consumer shoulders a heavy load – FT.com

English: Southern Europe.

English: Southern Europe. (Photo credit: Wikipedia)

This is an excellent MUST READ article from Edward Luce, in the FT. Check it out!

via Weary US consumer shoulders a heavy load – FT.com.

Personally, I think that US consumers need a belt and braces approach, both strong fiscal stimulus AND access to cheap money.

What lessons can Europeans learn from the US example?

Given the weaker economic recovery in Europe, especially the UK and Southern Europe, where austerity has been too aggressive, the double whammy of tax cuts and cheap money becomes a “no-brainer”, in my view,

Any thoughts?

 

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