The loser wins. That’s the way it can go in presidential elections. Especially when the ballot involves a likable incumbent who happens to be failing when it comes to his task of helping the U.S. economy.
Here’s my advice for President Barack Obama as he embarks on his second term: Follow the example of one of your heroes, Franklin Delano Roosevelt. Not the Roosevelt of the first two terms but the Roosevelt of the next two. The Roosevelt who won the war.
As the actions of his first term made clear, and as his second inaugural address declared, President Barack Obama is committed to a distinctive vision of American government. It emphasizes the importance of free enterprise, and firmly rejects “equality of result,” but it is simultaneously committed to ensuring both fair opportunity and decent security for all.
New York’s East River swirls around a roofless room, an unfinished shrine built of massive stones. It’s the first visible part of what will be a five-acre memorial to Franklin Delano Roosevelt at the southern tip of the island renamed for him.
U.S. equity markets will open today after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Oct. 29.