Tuesday, June 15, 2010

Obama's Blunders Aren't Acceptable Anymore

Bret Stephans reviews probably Obama's biggest blunder to date on the world stage, helping the Iranian regime by depriving the Iranian democracy movement of any oxygen. While the op-ed side dissects a gigantic blunder in the making. First we illegally reamed Chysler and GM bondholders, now we are going to illegally ream a foreign corporation. The WSJ is right, we're almost at the point where we are no better than your typical thugocracy like Venezuela or Russia. Why would global investors or companies want to do business in the US after these shameful episodes? The question answers itself and the consequences are economic stagnation. Obama's fundamental view of the world, if he has one, is flawed and the gameplan he following based on that flawed view will haunt us for years, possibly decades.

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