- “Is this going to be the first administration to be declared a failure within its first 100 days? It is beginning to look that way.” Rosslyn Smith
Well, it’s becoming obvious he’s not really much of a manager, decider, legislation-craftsman, or supervisor. His vetting process is in shambles and key Treasury slots are still vacant. His Treasury Secretary is a classic under-performer and Obama encourages that tendency by talking about everything other than our immediate recovery needs. He lets Nancy Pelosi and Harry Reid do the legislating — and they’ve come up with an embarrassing stimulus and an omnibus spending-bill even Democrats aren’t swallowing.
What does he like to do? Summits. These are in essence campaign events — faux town-halls where nary a discouraging word is heard and no real work is done. And he loves those campaign rallies around the country. Commentary Magazine
Meanwhile, our economy is left to Treasury Secretary Tim Geithner, supposed wunderkind, and continues to slide dive downward. In the words of a Fox TV pundit: Obama inherited a disaster and is quickly turning it into a catastrophe.
The Steve Urkelization of our economy from Michelle Malkin:
Australian Prime Minister Keating gives his insight into the man Obama needed so badly to lead the Treasury Department that Congress gave him a pass on his status as a tax cheat. This from Sydney Morning Herald
Keating: “Tim Geithner was the Treasury line officer who wrote the IMF [International Monetary Fund] program for Indonesia in 1997-98, which was to apply current account solutions to a capital account crisis.”
But Geithner, through his influence on the IMF, imposed the same cure the IMF had imposed on Latin America and Mexico. It was the wrong cure. Indeed, it only aggravated the problem. [snip]
Keating continued: “Soeharto’s government delivered 21 years of 7 per cent compound growth. It takes a gigantic fool to mess that up. But the IMF messed it up. The end result was the biggest fall in GDP in the 20th century.”
Exactly who was the “gigantic fool”? It was, obviously, the man who wrote the program, Geithner… The
According to Keating, watching this happen frightened the Chinese into accumulating $2 trillion in foreign reserves, making Geithner responsible for the tremendous imbalance in the world financial system and contributing to the global financial crisis now devastating the world economy. Now Obama has put this “gigantic fool” in charge of our economy.
On the foreign relations front, Obama’s staff apparently isn’t aware of standard protocol for visiting dignitaries. Either that, or they intentionally snubbed Great Britain’s Prime Minister last week with Obama’s embarrassingly boorish treatment of, and cheap and thoughtless gifts for Gordon Brown and his family:
Barack Obama’s offhand approach to Gordon Brown’s Washington visit last week came about because the president was facing exhaustion over America’s economic crisis and is unable to focus on foreign affairs, the Sunday Telegraph has been told. Telegraph
Second story, which might explain the exhaustion in the first:
An organization that serves as a watchdog on the U.S. government for American taxpayers has launched a campaign to uncover exactly how much tax money is being spent on parties at the Obama White House. [snip]
Barack and Michelle Obama have been throwing taxpayer funded parties nearly every night with their ‘friends’ and supporters, with Michelle Obama even exhorting them not to ‘break’ White House property. [snip]
“You would have felt like a fool talking about politics at this party,” Eleanor Holmes Norton, D-D.C., said after one major event. “I was surprised how much of a social event it was and how little of a political occasion it was.” Bob Unruh
Someone buy that man a fiddle so he can make music while Rome burns.