CHARACTER, NOT AUDACITYDAVID BROOKSNEW YORK TIMESThe Obama speech offered some important if familiar hints of big policy ideas. There was a vague hint of a major tax reform. There was a vague promise to accept an agreement based on the principle of the Simpson-Bowles committee on deficit reduction. But it’s hard to be enthusiastic about President Obama truly championing initiatives that get no more than a sentence or a clause. Over all, the speech had a fierce opposition toward the Republicans and a desire for incremental continuity about what the Democrats themselves would offer. …President Obama offered other small and worthy ideas, familiar to him since his days in the Senate, that would make America better — more long-lasting batteries, more trade agreements. But these are improvements fit for countries that are already firmly on the right track. CLEANING UP THE ECONOMYPAUL KRUGMANNEW YORK TIMESBill Clinton said of the problems Mr. Obama confronted on taking office, “No one could have fully repaired all the damage that he found in just four years.” If, by that, he meant the overhang of debt, that’s very much the case. ….Mr. Obama did push through policies — the auto bailout and the Recovery Act — that made the slump a lot less awful than it might have been. And despite Mitt Romney’s attempt to rewrite history on the bailout, the fact is that Republicans bitterly opposed both measures, as well as everything else the president has proposed. So Bill Clinton basically had it right: For all the pain America has suffered on his watch, Mr. Obama can fairly claim to have helped the country get through a very bad patch, from which it is starting to emerge.
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