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O Globo, Brazil

Obama Neglects
the Financial Crisis


By Miriam Leitão

President Barack Obama has engaged himself in the health care reform debate and set aside reform of the financial system. This will be damaging to him politically.

Translated By Marcela Canavarro

 21 September 2009

Edited by Alex Brewer


Brazil - O Globo - Original Article (Portuguese)

President Barack Obama has engaged himself in the health care reform debate and set aside reform of the financial system. This will be damaging to him politically.

At the Capitol, Obama's speech about the health care reform was strong, just like the old and good Obama. Convincing and secure. Faced with a rare breach of protocol, when a Congressman called him a liar, Obama did not miss a beat.

After that, we saw his speech on Wall Street in New York, where he spoke about the one year anniversary of Lehman Brothers bankruptcy, a mark in the current crisis. No force, no capability to convince. He seemed kind of bureaucratic, which shows the difference of engagement.

In the end, the idea that Obama is to blame for the crisis is being fabricated. He has been keeping with Bush's program and taking the previous administration's onus. Republicans have been accusing him of giving away taxpayer money and nationalizing the economy.



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