As we write this, the US markets are rocking from the news that the Greece "debt deal" is not a deal after all.
Didn't you hear that we had a deal last Friday? Well, we don't have one today and the stuff has hit the fan.
Greece needs leadership. It needs a leader who'll tell its people that the "party is over" and some harsh medicine is desperately needed.
Instead, the Greek leadership will let the people decide in some referendum.
How likely is it that the Greek people, accustomed to living off the government for a generation, will tighten their belts? The answer is not likely and the world markets are reacting in advance.
Pres BO does not need bad news from Europe, specially as he heads to a G-20 meeting.
In previous years, US presidents have gone to these G-20 meetings as strong leaders. They went to these meetings with a good US economy or an economic message based on capitalism and free markets.
Pres BO is going to the meeting with a bad US economy and a bunch of "class warfare" speeches that make him sound like a Greek leader rather than the president of the world's superpower.
Worse than that, the world knows that he can't get a Democrat Senate to take up his "jobs plan".
Worse than that, the world knows that he can't get a Democrat Senate to take up his "jobs plan".
3 years ago, he was received as the rock star who would fix all of the world's problems with a smile.
Two months into his presidency, he was given The Nobel Peace Prize for being Obama.
Today, he is the underachieving leader who has not delivered much except to irritate the European left by continuing the Bush anti-terror policies that they used to complain about.
Two months into his presidency, he was given The Nobel Peace Prize for being Obama.
Today, he is the underachieving leader who has not delivered much except to irritate the European left by continuing the Bush anti-terror policies that they used to complain about.
Pres BO's chief problem is that the US economy is as weak as he is.
We need a strong economy so that we can pull the world out of its misery. The US is the world leader and everyone looks looks to us for military protection and economic expansion.
John B Taylor, is a professor of economics at Stanford and a senior fellow at the Hoover Institution. He wrote a great column in today's Wall Street Journal: A Slow-Growth America Can't Lead the World
"When President Obama meets with his counterparts from other G-20 countries in Cannes later this week, American economic leadership will, unfortunately, largely be absent. "
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Professor Taylor is right. The world desperately needs a strong US economy to hitch their wagon to. It also needs a strong US president who is interested in being respected rather than loved.
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Tags: The guns to Mexico and Attorney General Holder, the crisis in Greece and its impact on the US, the weak US economic makes Pres BO weak in front of world leaders To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!
