It’s never easy to separate politics from policy, and the past 18 months have only increased the degree of difficulty. The United States has been through a historic financial crisis followed by a historic election and a series of historic federal gambles-from bailing out American International Group Inc. and General Motors Co. to passing a $787 billion stimulus and a $940 billion health-care reform bill. All that risk has made policy more complicated and politics more fraught.
Americans believe, by an almost 2-to-1 margin, that the economy has gotten worse rather than better during the past year, according to the March Bloomberg National Poll. The market begs to differ, Bloomberg BusinessWeek reports in its April 19 edition. While President Barack Obama’s overall job-approval rating has fallen to a low of 44 percent, down 5 points from late March according to a CBS News Poll, the judgment of financial markets has turned positive.
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