Get ready for the Obama boomlet

Get ready for the Obama boomlet

[Ed. – As in ‘Obama go boom’? I think we’ve already been there.]

Remember when pundits loved Barack Obama? It’s been quite a few years now. But I suspect some of the adoration is about to come back.

There are three reasons. The first is that politically, Obama’s immigration gamble is working. Fearful of alienating Hispanics or shutting down the government, Republican leaders have largely abandoned hope of overturning Obama’s move. What’s more, Obama’s approval ratings are up 15 points among Hispanics but have not dropped among Anglo whites. Add immigration to health-care reform and the fiscal stimulus and more commentators will start noticing that, whether you like Obama’s agenda or not, it’s been the most consequential of any Democratic president’s since Lyndon Johnson.

Second, and more importantly, the economy is improving. The third quarter saw the fastest job growth in three years, and the unemployment rate is now 5.8 percent, down from 10 percent in 2009. Gas prices are also plunging. And there’s evidence Americans are beginning to notice.

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