John wrote:I actually feel bad for him. It looked to me like a disaster, but we'll have to wait
to see what the young folks think about it.
I didn't see it, but David Kaiser did on the T4T forums and had the complete opposite reaction
As for Millies, there's very little chance that this will have much of an effect. Obama's got at least
8-9 months (though I'd double it) worth of cushioning where he can do very little wrong in my generation's eyes. We'll see what direction the financial crisis takes us. Right now, the world's people are slowly trending libertarian (that is, anti-government and anti-corporate) with Iceland and Greece leading the way and it being slightly more muted in the U.S.A. (On my campus, I do hear the rhetoric, but no action since we're still in the post-inaugural bliss.) As has been noted elsewhere, black swan events tend to accompany financial crises. I fully expect a nationalistic/fascist resurgence to occur around the world, probably simultaneously with the libertarian one. This will be a major source of conflict.