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Changing of the Tide

Brown_Victory.jpg

However the election in Massachusetts comes out, it appears that a majority of voters nation-wide have been rooting for Scott Brown. That means that the issue of health care has become a liability for the Obama Administration, as have the special deals and taxes that go with it.

Only one year ago the nation was in the grips of Obamamania, an unrealistic mass excitement similar to the disproportionate grief that overcame Britain following the death of Princess Di. Now that the fever has broken, the passion is hard to recall.

Regardless, the chance for Hope and Change along bi-partisan lines, where government business is conducted with "transparency", spending is brought under control and taxes are not raised couples making under $250,000 is long gone. So is the enthusiasm of the nation's leading businessmen, bankers, insurance executives and other investors, a huge proportion switched their politics in 2008. Wall Street staged a big rally today on the mere prospect that Brown might win in Massachusetts. In that sense "hope and change" are back in the air.

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