Two weeks later the political engine that drives public policy continues to serve up one of the most interesting moments in memory.
Returning to Washington on Sunday after a 10-day Asia trip that was marked by a pair of key setbacks on international economic issues, President Obama said that even though the U.S. has gone through a tough two-year period, America’s preeminent position on the world economic stage has not been forgotten. (Scott Conroy, Real Clear Politics, “Returning to Washington to New Domestic Reality”)
Two years ago when Barack Obama was elected President, there was a widely shared sense that he would be a transformational President. Indeed, in the sense that he might have meant that, he has been. Passage of Health Care Reform and recovery from the financial crisis (along with the new Dodd Frank financial regulations) were remarkable legislative achievements. They are filled with policy change that will reshape core American industries. At this point it would appear that the green agenda has been challenged and certainly a Cap and Trade and does not appear to be possible in the near future. So the pattern is not uniform. Isn’t that to be expected?
But the election of 2010 has conveyed the message that these were not popular historic changes in direction. Returning from Asia President Obama still stands at a critical crossroads of transformational choices. But the way forward is not at all certain.