The Death-Spiral of the Obama Presidency
So I’m telling an old story by now, but old stories are sometimes the most valuable to look back upon. This president came to office on a tide of commitment, not to the changes every candidate promises but, as he himself put it, change you can believe in. Well, we believed. In fact, we believed twice.
Sure, he was blind-sided by an economic disaster that was only an egg when he ran for office and hatched almost simultaneously with his inauguration. But the statesman, the man of character we thought we were voting for quickly turned politician--and an inexperienced one at that. A statesman would
have federalized the banks, guaranteed deposits and let the investment houses and investment banks take the bath they deserved. Barack Obama blinked and it was merely the first of a string of blinks. That string is what finally unglued the already strained self-assurance of a once confident nation, as well as dooming his presidency.
Take a moment to consider true statesmanship and its r…