Obama’s Big Bang could go bust

POLITICO:

Barack Obama’s Big Bang is beginning to backfire, as his plans for rapid, once-in-a-generation overhauls of energy, financial regulation and health care are running into stiff resistance, both in Washington and around the country.

The Obama theory was simple, though always freighted with risk: Use a season of economic anxiety to enact sweeping changes the public likely wouldn’t stomach in ordinary times. But the abrupt swing in the public’s mood, from optimism about Obama’s possibility to concern he may be overreaching, has thrown the White House off its strategy and forced the president to curtail his ambitions.

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