Obama's Pep Talk

Granted that I only heard some of Obama's speech about the debt ceiling and the downgrade of the U.S. credit rating, but it seemed like a "pep talk" to me. I found it sort of bombastic and self-aggrandizing for the country, while belittling the credit raters. It was too full of a hope based on the idea that Americans are somehow superior beings who are not subject to the laws of economics like the rest of the world.

Unfortunately for Obama, reality keeps proving him wrong. On the day of his speech, the Dow Jones fell more than 600 points, a sign of how much uncertainty there is among investors about the present and future of the American economy. If that blind faith is all Obama has to offer, then the U.S.' prospects are dim indeed.

Comments

  1. Roberto Ariel FernándezAugust 22, 2011 at 11:30 AM

    In my book, Obama is also to blame for being a weakling and an ambivalent president. He said that he was "frustrated" too. He should be, but because of his actions and omissions.
    I had no expectations with the guy, but he had the chance to do much more in those first 2 years, when he had a majority in Congress. Instead, he fumbled big time. He should be a major disappointment for those who did have great expectations. I never expect much from politicians, so I'm not disappointed.

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