Obama's Big Bang could go bust: Politico

Quoted via Politico:

Barack Obama’s Big Bang is beginning to backfire, as his plans for rapid, once-in-a-generation overhauls of energy, financial regulation and health care are running into stiff resistance, both in Washington and around the country.

Obama's 'big bang' could go bustThe Obama theory was simple, though always freighted with risk: Use a season of economic anxiety to enact sweeping changes the public likely wouldn’t stomach in ordinary times. But the abrupt swing in the public’s mood, from optimism about Obama’s possibility to concern he may overreaching, has thrown the White House off its strategy and forced the president to curtail his ambitions.

Some Democrats point to a decision in June as the first vivid sign of trouble for Obama. These Democrats say the White House, in retrospect, made a grievous mistake by muscling conservative Democrats in swing districts vote for a cap-and-trade energy bill that was very unpopular among their constituents.

Many of those members were pounded back home because Democrats passed a bill Republicans successfully portrayed as a big tax increase on consumers. The result: many conservative Democrats were gun-shy about taking any more risky votes— or going out on a limb on health care. more