Obama Agenda Derailed by AIG!
A front page story in today’s WaPo by Michael Shear and Paul Kane, “Anger Over Firm Depletes Obama’s Political Capital,” proclaims, “President Obama’s apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda.”
Considering that I oppose large chunks of said agenda, that would be just fine by me. Unfortunately, Shear and Kane adduce approximately zero evidence for their claim.
Basically, quite a few prominent Democrats and even more Republicans are PO’d at AIG handing out bonuses and some are saying Obama should have done something to stop it. This fact is apparently “hounding Obama as he pursues his larger goals, in part because of the president’s own repeated declarations of outrage — offered again yesterday — aimed especially at the firms that are feeding at the public trough.”
Distractions happen in politics. What’s the evidence that this is going to, as they say in the biz, “have legs”? More to the point, what’s the evidence that it’s going to derail Obama’s agenda for more than a couple of days?
Obama remains personally popular and averages 60.9 percent in job approval. (This compares, incidentally, to 37.0 percent for Congress.) His party has strong majorities in both Houses of Congress. The Democratic leadership in both Houses of Congress largely supports his governing agenda. What’s the evidence that they’re going to derail it to spite him over AIG’s paying out bonuses that he didn’t authorize.
Again, I hope Shear and Kane are prescient. But I’d like to see just a wee bit more evidence before I start dancing for joy.
Photo from Reuters Pictures