Monday, August 24, 2009

Obama's Big Bang could go bust

(POLITICO 44).Barack Obama’s Big Bang is beginning to backfire, as his plans for rapid, once-in-a-generation overhauls of energy, financial regulation and health care are running into stiff resistance, both in Washington and around the country.

The Obama theory was simple, though always freighted with risk: Use a season of economic anxiety to enact sweeping changes the public likely wouldn’t stomach in ordinary times. But the abrupt swing in the public’s mood, from optimism about Obama’s possibility to concern he may be overreaching, has thrown the White House off its strategy and forced the president to curtail his ambitions.

Some Democrats point to a decision in June as the first vivid sign of trouble for Obama. These Democrats say the White House, in retrospect, made a grievous mistake by muscling conservative Democrats in swing districts to vote for a cap-and-trade energy bill that was very unpopular among their constituents.

The other result: The prospects for winning final passage of a cap-and-trade bill this year are greatly diminished. And, while most Democrats still predict a health care bill will pass this year, it is likely to be a shadow of what Obama once had planned.

“The majority-makers are the freshman and sophomores from conservative districts where there’s this narrative building about giveaways, bailouts and too much change at once,” said a top House Democratic strategist, who requested anonymity to discuss internal politics candidly. “There’s this big snowball building in those districts. That’s why those folks are so scared."

But the “Big Bang” theory of governance, as some White House insiders called it, is not without risk and consequences.

By doing so much, so fast, Obama gave Republicans the chance to define large swaths of the debate. Conservatives successfully portrayed the stimulus bill as being full of pork for Democrats. Then Obama lost control of the health care debate by letting Republicans get away with their bogus claims about “death panels.” The GOP also has successfully raised concerns that the Obama plan is a big-government takeover of health care — and much of Middle America bought the idea, according to polls.

By doing so much, so fast, Obama never sufficiently educated the public on the logic behind his policies. He spent little time explaining the biggest bailouts in U.S. history, which he inherited but supported and expanded. And then he lost crucial support on the left by not following up quickly with new and stricter rules for Wall Street.

By doing so doing so much, so fast, he has left voters — especially independents — worried that he got an overblown sense of his mandates and is doing, well, too much too fast. A Washington Post-ABC News poll published Friday found that independents’ confidence in Obama’s ability to make the right decisions had dropped 20 points since the Inauguration, from 61 percent to 41 percent.

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"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty" (Churchill)