July 23, 2014 SIGN IN | REGISTER

Debt Ceiling Fight Is So Yesterday’s News

Obama canít solve his own political problems through public relations initiatives or photo opportunities. Another speech on the importance of job creation wonít help his poll numbers or his re-election prospects any more than his appeals for bipartisanship and compromise during the debt ceiling standoff did.

And with plenty of uncertainty ahead ó uncertainty about the super committeeís ability to arrive at a bipartisan solution, about Europeís financial health and about the outcome of the 2012 elections ó itís hard to believe many businesses will make major investments during the next few months.

None of this guarantees the presidentís defeat next year. But the economic news that develops during the next 15 months will do far more to dictate Obamaís political fate than did last weekís debt ceiling deal.

If the president canít win re-election by pointing to his successes, he will have no alternative but to run on what he promises will be the Republican presidential nomineeís likely failures. That would mean a sharply negative campaign from the man who campaigned four years ago as someone who could change the tone in Washington, D.C., and bring the country together.

No wonder the White House is praying for an economic upturn or for Republicans to nominate Rep. Michele Bachmann (Minn.) for president.

Stuart Rothenberg is editor of the Rothenberg Political Report.

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