Is Carter A Best Case Scenario? | http://blogs.the-american-interest.com/wrm/2011/06/14/is-carter-a-best-case-scenario/.

Like Hoover, President Obama now finds himself (at least temporarily) without the ability to shape national economic policy. His opponents in Congress will block the kind of second stimulus his instincts and allies propose, and the Fed is not at this point particularly impressed by the White House’s recovery plan and is acting on its own. Like Hoover, President Obama faces the possibility of a devastating second downturn due to economic problems in Europe — and like President Hoover, President Obama can’t do much to prevent it. Like Hoover, President Obama is harried by a domestic populist revolt against his leadership and the policies he supports and like Hoover, President Obama’s once unassailable popularity is being slowly ground down by economic bad news.