On the blessing side, this is a major news distraction from the Republican Convention. I would expect a smaller than anticipated bump as the hurricane continues to lead newscasts. Also, it gives President Obama the opportunity to be presidential immediately after the confetti falls and steal what little thunder the convention generates.
The curse part is that Isaac also gives Obama the opportunity to appear ineffective and/or uncaring. Louisiana has a Republican governor who would prefer the entire population of New Orleans drown than ask President Obama for assistance. He could block federal help and then blame Obama for not helping.
Obama's response will be measured against Bush's seven years ago. It's not a high hurdle but it is one the President must clear.
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