The Trouble with Obama’s New Deal

President Barack Obama faces a daunting political reality: the world he envisioned in the spring and summer of 2008, when he was formulating his political strategy and building his political alliances, has been replaced by a world in economic danger. His $3.5 trillion budget might make sense if these were normal times, with a newly elected, very liberal Administration wanting to focus on reshaping America and redistributing wealth. However, these are not normal times