President Obama: A Trustee in Bankruptcy

In the face of a mandate limited by reality and undermined by his inability to sweep the nation as had been predicted, Obama faces a difficult situation as he becomes president. As the economy falls apart around him, he will find himself unable to raise taxes as he wants and will find that his plans for government takeover are stymied as well. He will profit from a political reality that will accommodate his agenda but an economic reality that frustrates it.

A very tough future awaits President Barack Obama.