1. Jimmy lived under the liquidity bubble created by LBJ, Nixon and Ford. He could not solve the monetary problem.
2. Jimmy had to please his supporters and thus gov deficit did not see much improvement. Obama will face a larger mess left by GWB.
3. Middle east was very unstable in late 1970s and now Obama faced exactly the same problem.
Obama will be a 4-year president. But he makes the history by being the first African American president. He knows that he could not back off now since it is a once-in-a-life opportunity for an totally unexperienced politician like him.
Americans will one day wake up to see what a stupid choice they make on Nov 4, 2008. While, to be frank, they chose to kick out Hillary and they will pay for their mistake.
