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The Obama Effect

We often talk about the effect of economics on politics: when the economy slumps, so, too, do political incumbents' poll ratings. But in America we now see the effect of politics, in the form of a highly talented and popular president, on economic sentiment.

LONDON – In the last two months, I have been in eight American cities – Boston, New York, Washington, Houston, Chicago, Los Angeles, San Francisco, and Seattle. Phew! I am left with several sentiments.

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