Bush’s administration- the president and his Democratic comrades had been soundly repudiated by the voters, with an electoral loss greater than many observers had predicted and far worse than Obama and his team had anticipated. With unemployment still terribly high- the ongoing result of the financial collapse that had occurred during George W. In the Senate, the GOP had also advanced, cutting the Democrats’ edge by two- thirds. Once again, the nation’s chief executive had a tough presidency- defining decision to render.Ī month earlier, Obama had experienced what he had accurately dubbed “a shellacking” at the polls: in the first midterm elections of his presidency, the Republicans had won sixty- three seats in the House of Representatives, seizing control of that body. President Barack Obama was in the Oval Office with Vice President Joe Biden, surrounded by his top aides: message guru David Axelrod, press secretary Robert Gibbs, acting chief of staff Pete Rouse, longtime friend and adviser Valerie Jarrett, Treasury secretary Timothy Geithner, National Economic Council chief Larry Summers, budget director Jack Lew, economic adviser Gene Sperling, and others. It was the first Saturday morning of December 2010.
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