What a buffoon, how pathetic was this? The markets sure didn’t like it.
First, do no harm. That is a useful injunction for doctors, lawyers, and, it turns out, U.S. presidents.
But President Obama’s useless speech Monday about the basic soundness of the American economy managed to reinforce all the concerns Americans on the left and right have about his stewardship of the country.
The speech did at least temporary harm. As soon as he finished speaking, the already jittery financial markets plunged.
. . .
His calm, passionless, “voice of reason” message, without a single new proposal except his pledge to make specific proposals in the future and work with the Congressionally designated super-committee to address the deficit and debt crises – “leading from behind again” – actually panicked the markets. And no wonder. Americans were looking for a leader, and what we got was the professor again.
Dow plunges as Obama says US A-OK
Matt Gurney: Obama’s speech writers should have their salaries downgraded
Obama’s jobs-message problem
Obama’s Jobs Message Isn’t Catching On
The Washington-Wall Street Disconnect Grows Even Wider
The most powerful man on Earth?
World’s Most Powerful Man Seems … Powerless
Republicans pan Obama’s speech
Democratic logic downgraded
If Obama can’t lead the economy out of the wilderness, he needs to at least call off his regulatory zealots and generally get out of the way. I’m guessing his resignation would be too much to expect from someone so obsessed with himself.
/Obama wouldn’t know sound economic policy if you tattooed it on his forehead backward, so he could read it in the mirror
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