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3/26/10

USA - Obama's next target: Wall Street - by Richard Gwyn

A big one down for U. S. President Barack Obama in health care. Another big one coming right up – this time in financial care. The second one will be far harder because the stakes are so much higher. Wall Street's financial houses will hurl unlimited amounts of money and unlimited numbers of lobbyists into the battle to prevent reform.

This challenge will also be a lot easier to overcome, though, because of Obama's success with health care. As he said last Sunday night, "We proved we are still a people capable of doing big things." He'll have now the Big Mo – momentum – on his side. To win this one, though, he's still going to need all the help he can get.

Obama's root problem on financial reform, exactly as it was on health care, is that Americans today are deeply suspicious of government. Really, as shown by the success of the Tea Party movement, they are paranoid about government.


For more: Obama's next target: Wall Street - thestar.com

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