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India On Media |
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| Politics
News |
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| Obama economic moves too little, |
| Obama economic moves too little, too late
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| UNITED STATES OF AMERICA
, 8-September-2010
5:30:59 AM |
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President Barack Obama is proposing a flurry of economic measures but may be doing too little, too late to fend off a huge Republican wave in November congressional elections -- with the Democrats losing their majority in the House of Representatives and, perhaps, the Senate.
With less than two months remaining before the critical vote, Americans are in a sour mood over an unemployment rate stubbornly holding near 10 per cent and an economy that has made little progress in pulling the nation out of its worst downturn since the Great Depression of the 1930s.
Polls are virtually unanimous in showing Democrats primed to surrender their big majority in the House as voters prepare to cast ballots against incumbents and in favor of new blood from among Republicans and candidates aligned with the ultraconservative tea party phenomenon. Republican chances for taking a majority in the Senate are slim but not impossible.
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