Look at where he started, placing his hand on the Bible Abe Lincoln was sworn in on in 1861. It was Jan. 20, 2009. The new president was 47 and in the kind of position politicians can only dream of—a historic figure walking in, the first African-American president, broadly backed by the American people. He won by 9.5 million votes. Two days after his inauguration, Gallup had him at 68% approval, only 12% disapproval. He had a Democratic Senate, and for a time a cloture-proof 60 members. He had a Democratic House (256-178) with a colorful, energetic speaker. The mainstream media were excited about him, supportive of him. His political foes were demoralized, their party fractured.
He faced big problems—an economic crash,two wars—but those crises gave him broad latitude. All of his stars were perfectly aligned. He could do anything.
And then it all changed. At a certain point he lost the room.
Books will be written about what happened, but early on the president made two terrible legislative decisions. The stimulus bill was a political disaster, and it wasn't the cost, it was the content. We were in crisis, losing jobs. People would have accepted high spending if it looked promising. But the stimulus was the same old same old, pure pork aimed at reliable constituencies. It would course through the economy with little effect. And it would not receive a single Republican vote in the House (three in the Senate), which was bad for Washington, bad for our politics. It was a catastrophic victory. It did say there was a new boss in town. But it also said the new boss was out of his league.
Read More: The Wall Street Journal
