The basic problem with the Obama administration is  simple incompetence.  Michael Goodwin, New York Daily News:

Not long ago, after a string of especially bad days for the Obama administration, a veteran Democratic pol approached me with a pained look on his face and asked, “Do you think they know what they’re doing?”

Bill Low, Star-Telegram:

In the big scheme of things, the mistakes made by President Barack Obama thus far are relatively minor, but they are forming a pattern that shows serious weakness. It is a weakness that may be interpreted by our friends and our enemies as indicative of a flaw they can use to their own advantage

L. Brent Bozell, Pittsburg Tribune:

Think about it. Obama’s inauguration speech? The market dropped. Obama’s first State of the Union-style speech to Congress? The market dropped. Obama’s Treasury Secretary Tim Geithner tried to explain their underbaked bank rescue plan in February? The market dropped almost 400 points.

Even Obama’s most fervent fans — like Chris Matthews — have put on the tube a chart showing the stock market’s precipitous decline since Obama’s victory. That is a sober political and economic reality for Team Obama, and no happy talk is going to fix it

Seldom has a person with no little actual talent, and so massive of an ego, achieved such high office.

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