Friday, January 22, 2010

The Incredible Deflation of Barack Obama

See Mort Zuckerman January 21, 2010 article "The Incredible Deflation of Barack Obama" at
which includes:
President "Obama, the theoretician in a hurry, made no allowance for the normal resistance to dramatic change and the public's distaste for big government, big spending, and big deficits. He didn't seem to realize that Americans understand in the most personal terms that excessive debt has real consequences, given how many have mortgages that exceed the value of a home and credit lines that are too much to carry. Yet this was what the president seemed to be getting us into. Over 60 percent of the country believes that government spending is excessive; Obama's lowest approval ratings come from his mishandling of the present and future deficits."

"Unfortunately, there is not much solace in international affairs either, where, again, expectations were so pumped up. America's image is better, no doubt, but uncertainty and procrastination prevail. One major international political leader recently put it well: 'Not only does the leadership of this region not think that Obama is strong enough to confront his enemies; they aren't sure he is strong enough to support his friends.' The administration seems 'hopelessly naive,' according to one Arab foreign minister, and unable to face the full truth about Islamic terrorism. The public frustration over the administration's mismanagement of the latest jihadist attempt to blow up a plane with all its innocent travelers (on Christmas Day) was captured in the New York Daily News headline 'Mr. President, it's time to get a grip!'"

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