Mr. Obama still has time to reverse course. A great deal depends on it. To fail on health care yet again might well be the 'Waterloo' Republicans dream of.
Within the U.S. the Obama presidency will be mainly measured by the success or failure of his economic policies. And here I fear the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.
There's also some element of coming of age during the Reagan administration which everybody has painted as some glorious time in America but I remember as being a very very dark time. There was apocalypse in the air the punk rock movement made sense.