It’s a great day for the world and for the presidency of Barack Obama that Osama bin Laden was captured and killed. But people who think that this assures the president’s re-election are a little premature. A few other things have to happen first. We need to avoid a double-dip recession, or a combination of inflation and recession, which is looking increasingly likely. How many dollars a gallon in the price of gas does Osama’s killing offset? How much of an uptick of unemployment in the midwest? How much does it bulletproof Obama in a nasty budget fight where all of the momentum is on the side of austerity? Let’s celebrate this achievement. It brings one of the world’s great killers to justice and adds to President Obama’s credibility on national security. But please, let’s hold the champagne on Obama’s re-election. Read the original post at The American Prospect.
|Robert Kuttner is the author of A Presidency in Peril.|