Monday, November 29, 2010

The King O Junk

RTWT:

Belmont Club » Helplessly Hoping: "William Jacobson of Legal Insurrection argues that the latest Wikileak has shoved President Obama into Jimmy Carter territory. The leaks have shown him to be completely impotent, unable to even protect his own secrets or preserve his allies from embarrassment. The hard Left can push him around and take his money in a political dance apache. The Asia Times makes the same observation, but dryly notes that the loss of respect — AKA the failure of political deterrence — can cause much more serious international consequences. Barack Obama’s allies may already be starting to Finlandize themselves, convinced if proof were lacking, that Obama can’t even keep the deal he won’t honor secret. It is the political capstone of a meltdown. Obama’s credibility — and by extension America’s — has been downgraded to junk bond status."

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