It rhymes with ‘schneo-liberalism.’ It was an economic disaster and a political dead end. It was an economic disaster and a political dead end. In the early days of his presidency, Barack Obama had the power to overhaul the economy, but instead he focused on smaller, less effective fixes. By Farhad Manjoo, The New York Times — In 2009, Barack Obama was the most powerful newly elected American president in a generation. Democrats controlled the House and, for about five months in the second half of the year, they enjoyed a filibuster-proof, 60-vote majority in the Senate. For the first six months of his presidency, Obama had…
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