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Monday, August 08, 2011

Downgrade

Obama: "And the markets agree with me."
Markets: Dow Below 11,000; Nasdaq, S&P Lose 5% After Obama Addresses Downgrade (Yahoo)

Whoops!

Hasn't the time come for President Obama to stop thinking that people will believe something just because he says it on camera? That worked as a candidate - not as President. It is doubtful that even most Republicans and conservatives expected him to end up Jimmy Carter-esque in quality, but right now it's looking that that will be the company he keeps as far as Presidents go. That's rather sad for someone who - regardless of one's feelings about him - came in as someone with incredible oratory skills, polish, and who showed quickly that his views on defense could shift as his understanding of it grew with the office. Liberals certainly expected better of him (in different ways), but nobody of any stripe expected a Presidency this poor.

(It is perhaps just as sad that there is no current Republican candidate that one can point to and say "That would be a huge upgrade!")

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