Monday, March 30, 2009

The Constant Underestimation Of Obama

As per usual, before any big event his entire political career, President Obama is given small odds to get anything done. This time it is the upcoming G20 in London. All the memes I see are about how Obama is going to be met with the world's anger and how he is "persona non grata" for being American.

Not being able to predict the future, I can't tell you what is going to happen, but one is for sure: Obama always come through passing expectations.

This is the time in history when the world needs to come together to solve this global problem. Who better than Obama?

As Paul Krugman notes:
Like many other economists, I’ve been revisiting the Great Depression, looking for lessons that might help us avoid a repeat performance. And one thing that stands out from the history of the early 1930s is the extent to which the world’s response to crisis was crippled by the inability of the world’s major economies to cooperate.

The details of our current crisis are very different, but the need for cooperation is no less. President Obama got it exactly right last week when he declared: “All of us are going to have to take steps in order to lift the economy. We don’t want a situation in which some countries are making extraordinary efforts and other countries aren’t.
Obama is that guy to get the nations to pull together. Not saying he will, but he is our best shot.

Watch all the post-G20 press be on how popular Obama was in London. Then they will use that popularity against him, say he's "too popular in France" and the cycle continues.

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