BP spill: Obama's 'Iran hostage crisis'?

As the Gulf disaster threatens to become a months-long crisis, pundits who'd been calling it "Obama's Katrina" are embracing a new analogy

Some pundits think the oil spill could derail Obama's presidency.
(Image credit: Getty)

How much will the BP oil spill hurt President Obama politically? The "Obama's Hurricane Katrina" comparison has gained some traction, but commentators in search of a suitable analogy are already moving on to bigger political disasters. One recurring theory: That the never-ending oil disaster will dominate and doom Obama's presidency much as the drawn-out Iran hostage crisis destroyed President Carter's. (Watch Chris Matthews make the comparison.) Here's a look at the evolution of the BP spill = Iran hostage meme:

Yves Smith, Naked Capitalism, May 20

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