See David Kaiser's recent posts re the debt ceiling, conservative politics, and President Obama's election calculus, and the current political situation.
In my view, President Obama is likely to do what many incumbent Presidents have done in the past, in order to deflect the false impression of responsibility for bad current economic conditions, a course seemingly built into the American electoral system for the Presidency, that is, to
either take more aggressive steps to get out of existing bad military situations
(largely brought on by prior Presidents' desperate elections related decisions with which he is also, now, falsely, blamed, and strapped);
or, to (falsely) declare an impending threat from abroad, which he can then rally patriotic voters behind a new military adventure against, before the election;
or, both.
See also nyt today, re Obama and the Emancipation Proclamation, another spur of the moment decision, based perhaps more on military expediency, at that time, than on an electoral calculus.
Terms search: property rights.
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