Wednesday, February 11, 2009
Usually, it takes months for the chattering classes to say that a new President had failed. In the case of Barack Obama, we figured it would take years, if ever.
But, alas alack! It has taken a little more than three weeks for someone to ask if he has already failed.
It makes for wonderful reading. Because if Obama has failed, then it means possible GOP pickups in 2010, and, with any luck, one term and out for The Clown™ and His Clownettes™.
They have done enough damage to America in less than a month in power. One term would be enough, thank you.
Why Obama’s new Tarp will fail to rescue the banks
Has Barack Obama’s presidency already failed? In normal times, this would be a ludicrous question. But these are not normal times. They are times of great danger. Today, the new US administration can disown responsibility for its inheritance; tomorrow, it will own it. Today, it can offer solutions; tomorrow it will have become the problem. Today, it is in control of events; tomorrow, events will take control of it. Doing too little is now far riskier than doing too much. If he fails to act decisively, the president risks being overwhelmed, like his predecessor. The costs to the US and the world of another failed presidency do not bear contemplating.
What is needed? The answer is: focus and ferocity. If Mr Obama does not fix this crisis, all he hopes from his presidency will be lost. If he does, he can reshape the agenda. Hoping for the best is foolish. He should expect the worst and act accordingly.
Yet hoping for the best is what one sees in the stimulus programme and – so far as I can judge from Tuesday’s sketchy announcement by Tim Geithner, Treasury secretary – also in the new plans for fixing the banking system. I commented on the former last week. I would merely add that it is extraordinary that a popular new president, confronting a once-in-80-years’ economic crisis, has let Congress shape the outcome.
The banking programme seems to be yet another child of the failed interventions of the past one and a half years: optimistic and indecisive. If this “progeny of the troubled asset relief programme” fails, Mr Obama’s credibility will be ruined. Now is the time for action that seems close to certain to resolve the problem; this, however, does not seem to be it.
Yes, Obama has failed. He has failed to stop lying like he did all of last year; he has failed to uphold campaign promises, such as "no lobbyist will ever serve in my administration," and he has failed to keep America and Americans safe by kowtowing to terrorists while making sure that children in the womb can be murdered using taxpayer funds.
Yes, Obama has failed. The faster the American people wake up to that fact, and the fact that they elected an empty suit to be President, the easier the transition will be to voting this scumbag out in 2012 and putting a real President in office.