I guess we’re all getting a really big bang for the 100 million of our bucks the incumbent’s spending on his European and African trips with his family and entourages.
To give an estimated value at present, I compared his results to date to two former presidents.
On June 26, 1963, John F.Kennedy flew to West Berlin, then behind the Iron Curtain. His famous “Ich bin ein Berliner" speech drew 450,000 Germans who, according to Wikipedia, “immediately understood that he was telling "all free men, wherever they may live, America stood behind them.”
Then on June 12, 1987, President Ronald Reagan also spoke at the Brandenburg Gate in East Berlin, about 45,000 people hearing him deliver his famous line to Soviet leader Mikhail Gorbachev, "tear down this wall."
And then yesterday the incumbent showed up, which The Telegraph’s Nile Gardiner, Washington-based foreign affairs analyst and political commentator, covered in an article headed “Barack Obama bombs in Berlin.”
Niles reports that it was “a weak, underwhelming address from a floundering president. 4,500 showed up to hear Barack Obama speak at the same location in Berlin. As The National Journal noted, “he didn’t come away with much, winning just a smattering of applause from a crowd that was one-hundredth the size of JFK’s.”
In the meanwhile, though, as the incumbent has lost whatever respect Europeans had when they bought the empty promises he hasn’t come close to delivering, other evidences of his destructive objectives keep appearing right here at home.
A major topic this morning on CNBC’s Squawk Box, is the huge stock sell-off caused by Fed Chairman, Ben Bernanke’s, hinting yesterday that he may be leaving, which might lead to reduction or the end of accommodative monetary policies.
However, what I found most interesting is the obvious fear bankers and high-profile investors and money-marketers have for the present administration in general. Because none are really willing to discuss the fact that our economy’s doing so poorly by presidential design.
For example, John Stumpf, Chairman of Wells Fargo & Company talked about fundamental weaknesses of the past five years, citing that Fed investment was needed to help overcome things like the real estate downturn, the slowness of business rebuilding and weak employment. But, in his description he blamed market conditions, omitting damage done by higher taxes, environmental restrictions, abnormal costs of fuel, over-regulation, governmental interference and growth-inhibiting effects of upcoming healthcare taxes.
So, what this all boils down to is either purposeful denial of the real truths or preferring to avoid possible governmental retribution from disclosing facts. But, either way, whether its home or abroad, the bloom’s now long gone from the rose.
Because, when only a handful of folks show up in Berlin to hear more gibberish from the incumbent, or the major markets tank because the real driver behind the economy’s leaving, there’s very little doubt that more and more folks understand now that the duck's incurably lame and his party’s over.
That’s it for today folks.
Adios
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