"Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo"

This quote by Camille Paglia suggests that the success or failure of President Obama's economic policies will be the primary consider determining how his presidency is kept in mind. Paglia reveals her fear that the big stimulus plan that Obama carried out at the start of his presidency will be his failure. This suggests that Paglia thinks that the stimulus bundle was ineffective and that it will be the cause of Obama's failure. This quote suggests that Paglia is not positive about the success of Obama's economic policies which she believes they will be his undoing.