May 3, 2011
The euphoric scenes that met the death of Osama Bin Laden will not boost President Barack Obama’s re-election hopes, according to Alastair Newton, a political analyst at Nomura in London.
“The immediate reaction in the US notwithstanding, ‘normal business’ will soon be resumed in US politics. There will be no change on the fiscal/debt polarization and contrary to some commentators’ reaction, definitely no election boost for Obama,” said Newton in an interview with CNBC on Tuesday.
With little or no operational control over al-Qaeda in recent years, Newton believes Osama’s death will have little impact on the terror group’s ability to mount attacks.
“Bin Laden’s role as head of al-Qaeda seems to have been largely symbolic for some years now, he was not responsible for operational planning and decision-making,” he added.