He has presented a budget that would raise taxes on the wealthy and slash major weapons programs.
Facing an economic downturn early in his first term, Reagan didn’t panic, White said. “People sensed there was a crisis, and they were willing to give him time. So while he took a beating in 1982, they weren’t willing to give up on him or Reaganomics, and I think the public is more willing to accord Obama time than a lot of people think.”
Barack Obama took the oath of office on Jan. 20 with the world watching the inauguration of the nation’s first African-American president. (Photo by Worsom Robinson/Real Times News Service)• Development of a plan to address the housing crisis and nation’s failing economy, amidst which he now sees “glimmers of hope”;