Posted on 09/18/2010 5:44:08 PM PDT by NormsRevenge
WASHINGTON (Reuters) The congressional election in November will define President Barack Obama's next two years in office as Republicans look likely to pick up seats and put their stamp on issues ranging from the huge budget deficit to economic recovery and immigration.
Reuters correspondents will interview an influential line-up of newsmakers at next week's Reuters Washington Summit starting on Monday and they will take an in-depth look at the election and its implications for Obama.
Elected in 2008 on the promise of changing Washington, Obama will be forced to scale back his ambitions if the Republicans, who have tried to block his agenda of reforms and economic measures, do well in the November 2 election.
He is unlikely to try more signature legislation like this year's healthcare and Wall Street reforms and would have to take Republican demands for low taxes into account when trying to cut the fiscal gap and speed up the economy's recovery from its worst recession since the 1930s.
...
Obama's Democrats could lose control of the House of Representatives, and maybe even the Senate, in November when Americans are expected to punish them for failing to reduce a jobless rate stubbornly near 10 percent.
The resurgent Republicans are demanding a greater role in responding to the weak recovery and are threatening to try to rewrite Obama's healthcare overhaul and take a fresh look at Wall Street regulations if they win big enough at the polls.
Big Republican gains could also end any chance for climate change legislation that was supposed to be a hallmark of Obama's presidency.
A comprehensive immigration overhaul demanded by Hispanic groups could be hard to pursue and the Obama administration may get tougher on China's policy of keeping its currency weak against the dollar, which critics say steals American jobs.
(Excerpt) Read more at news.yahoo.com ...

President Barack Obama walks towards Air Force One at John F. Kennedy Airport
in New York in this September 16, 2010 file photo. REUTERS/Jim Young
Sweet gridlock and defunding will be the orders. They Damn well better not whuss out again after all this.
them chickens ‘coming home to roost , I reckun
They’re not even waiting for November now.
Actually that’s why some are infighting...
they don’t want a Republican controlled congress, so the Democrats can continue to be rightfully blamed, while at the same time we legislation can be held up along with funding, like say Obamacare!...
That’s funny. It really is a girls bike...
Well I guess he’s the first female President - since Clinton was the first black President...
Yes, will be the definition of ... epic fail.
Yes, Obama defined his own presidency even before he was elected. Those of us who cared enough to know, knew then and screamed -— and too few listened.
What was he doing in New York? Politico 44 has a daily schedule for him, I noticed some time ago the weekends are blank.
--
The unemployment rate (which is really at 17.6%) is one of the minor reasons.
The punishment will be for intentionally destroying the nation economically, militarialy and socially. And for Terminal Arrogance that defies the will of the governed.
“Thats funny. It really is a girls bike...”
You’re right! My jaw dropped.
They don’t want to do what historically has been unpopular - actually fighting against the president,
but they need to realize it’s a whole new day.
Uh, what do they mean re-write Obama healthcare?
Destroy it is what they should do.
Call in the insurance adjuster, it’s a total loss.....for all time
Wow. He’s actually holding his own umbrella! I’m sure his husband Moochelle has a $125,000 per year professional holder. Being the first “thing” is hell.
Twerp.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.