Saturday, January 23, 2010

White House nightmare persists

clipped from www.ft.com

White House nightmare persists

Barack Obama at the White House

At the end of Barack Obama’s worst week since taking power a year ago, the US president’s fortunes look set only to deteriorate over the coming days. Following the shock defeat of the Democratic candidate in Massachusetts on Tuesday, a move that deprived the president of his 60-seat super-majority in the Senate and left his legislative agenda in tatters, Mr Obama has just four days to reboot the system.

Nor can Mr Obama rely on unity within his own party, which has been in disarray, if not panic, since Tuesday. For example, Mr Obama’s more populist tack on Wall Street re-regulation failed to attract endorsement from Chris Dodd, chairman of the Senate banking committee, even though he was present when Mr Obama made the announcement.

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