Did POTUS Just Become A Self-Congratulatory FT Op-Ed Blogger?

Tyler Durden's picture

While we have become used to the most 'important' thinkers, book-talkers, and self-aggrandizers gracing the pages of various mainstream media outlets with op-eds, we were somewhat surprised when the FT posted Barack Obama as El-Erian's replacement this evening. His thoughtful prose provides little of substance but does highlight the fact that self-hypnosis and surrounding one-self with a willing crowd of yay-sayers can make any disaster seem soluble. Presented with no snark, we suspect readers will enjoy his perspective on saving the world, on making austere domestic plans create jobs in a balance sheet recession (our wording), and the obvious jab at the Chinese.

Via The Financial Times:

A Firewall To Stop Europe's Crisis Spreading (we have to admit there is very little in here related to the subject??)

by Barack Obama

When leaders of the largest economies meet next week in France, our citizens will be watching for the same sense of common purpose that allowed us to rescue the global economy two years ago from a financial crisis that was sparked by years of irresponsibility.


Because of the co-ordinated action the G20 took then, the global economy began to grow again. Emerging economies rebounded. In the US, we’ve had 19 straight months of private sector job growth and added more than 2.5m private sector jobs.


Still, progress has not come fast enough and today the global recovery remains fragile. Around the world, hundreds of millions of people are unemployed. Disruptions in oil supplies, the tragic earthquake in Japan, and Europe’s financial crisis have contributed to the slowdown. Emerging economies have begun to slow. Global demand is weakening.


Our challenge is clear. We must stay focused on the strong, sustainable and balanced growth that boosts global demand and creates jobs and opportunity for our people. This requires action in several areas.


First, as the world’s largest economy, the US will continue to lead. The single most effective thing we can do to get the global economy growing faster is to get the US economy growing faster. That’s why my highest priority is putting Americans back to work. It’s why I’ve proposed the American Jobs Act, which independent economists have said would create nearly 2m jobs, boost demand and increase US economic growth. It’s why I signed landmark trade agreements with South Korea, Colombia and Panama to create jobs, keep us on track to double our exports and preserve American competitiveness.


At the same time, we’re building on the nearly $1,000bn in spending cuts agreed this summer. I’ve put forward a comprehensive and balanced plan to substantially reduce our deficit over the next few years in a way that does not hamper the current recovery and that lays the foundation for future growth.


Second, the crisis in Europe must be resolved as quickly as possible. This week, our European allies made important progress on a strategy to restore confidence in European financial markets, laying a critical foundation on which to build.


Given the scope of the challenge and the threat to the global economy, it is important for all of us that this strategy be implemented successfully – including building a credible firewall that prevents the crisis from spreading, strengthening European banks, charting a sustainable path for Greece and tackling the structural issues at the heart of the current crisis.


The European Union is America’s single largest economic partner and a critical anchor of the global economy. I am confident that Europe has the financial and economic capacity to meet this challenge, and the US will continue to support our European partners as they work to resolve this crisis.


Third, each nation must do its part to ensure that global growth is balanced and sustainable so we avoid slipping into old imbalances. For some countries, this means confronting their own fiscal challenges. For countries with large surpluses, it means taking additional steps to support growth. For export-oriented economies, it means working to boost domestic demand. A critical tool for accelerating that shift is greater flexibility in exchange rates, including exchange rates that are market-driven.


Avoiding old imbalances also means moving ahead with financial reforms that can help prevent another financial crisis. In the US, we’re implementing the strongest reforms since the Great Depression. Across the G20, we need to make sure banks maintain the capital they need to withstand shocks, and there needs to be greater oversight and transparency to avoid excessive risks, especially with regard to derivatives.


Finally, the G20 nations must deepen co-operation on the range of global challenges that affect our shared prosperity. We need to move ahead with our commitment to phase out subsidies for fossil fuels and transition to 21st-century clean-energy economies. As we promote the development that gives nations a path out of poverty, we can focus on the infrastructure, finance and good governance that unleash growth. Even as we work to save lives from the drought and famine in the Horn of Africa, we need to continue investing in the food security and agricultural productivity that make future famines less likely and communities more self-sufficient.


When we met in London two years ago, we knew that putting the global economy on the path to recovery would be neither easy nor quick. But together, we forged a response that pulled the global economy back from the brink of catastrophe. That’s the leadership we’ve demonstrated before. That’s the leadership we need now – to sustain economic recovery and put people back to work, in our own countries and around the world.


The writer is US president

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geneb's picture


How's that for my first post

trav7777's picture

yeah, what is this trash?  It's a fucking generic, recycled photo-op speech.  Complete tripe

UP Forester's picture

They need to call in the IT people and change Bernanke's printer settings.  When he Ctrl-P'd that one, it went to FT instead of the Teleprompter....

Surly Bear's picture

Jesus H. Christ, THIS is nineteen months of job growth with 2.5 millions jobs added? We are so fucked....

Treason Season's picture

Hillary's Madness Caught on Tape!

Apologies for OT but could everyone make this video viral.

Hillary Clinton on Gadaffi: We Came. We Saw. He Died!


Mr Lennon Hendrix's picture

Damn.  You are putting Hill on trial right now?  We already convicted her as being a horrible wench.  But fair enough, she deserves the world to see how she wiggles with pleasure at the mention of death again and again.

Note, her play, that script, is to inundate housewives everywhere into thinking death (and most accurately, murder) is good, so they too act out Hill's role (and not just women but squirely men, too).  It is not just the rhetoric the illuminatti is trying to implement, but the mindset.  Remember that- they are implementing the mindset to think in the way of the death cult.

Scull and Bones, bitchez.

Kiwi Pete's picture

He's not the POTUS or even the TOTUS. He's the MICOTUS. Murdurer In Chief.


Hail to the Chief!

nmewn's picture

He forgot to say, pass my bowl of peas now!!!

GeezerGeek's picture

Or perhaps, Heil to the Chief?

I suspect Obama has merely lost touch with his younger self. One of the rare examples of his writing comes from his stint at Columbia U. In the university's Sundial magazine,  dated March 10, 1983, there appears an article "by Barack Obama" titled "Breaking the War Mentality". Buried in the text he chides then-president Reagan about the pace of negotiations with the Soviets regarding nuclear weapons: "By being intransigent, Reagan is playing directly into the Russians' hands". Aside from his being wrong in that assessment, it is clear that Obama is now trying to follow the Reagan playbook, sending troops to Libya, Uganda and who knows where else. If liberating Grenada was good, killing Gaddafi is better must have been his reasoning. Obama also has one-upped Reagan on intransigence with his my-way-or-the-highway attitude when addressing Republicans.


Perhaps he can write a new article, "Implementing the War Mentality", explaining how things are different when one has the power.

spankfish's picture

Did you see the FUPA on her... nasty.  Crap, hope she don't wack me.

Calmyourself's picture

I believe her and Bill said the same thing about all those children they burned to death, I mean saved at Waco..

Sathington Willougby's picture

Bill got so excited when he walked in on J Reno and Hill that he let her do the Davidians too.

HistorySquared's picture

No worries, Hillary is going to take us to war with China and save our economy. 

Michael's picture

And in comes Helicopter Ben with QE3 to "Help Sure Up The Global Recovery" after "Europe's Rescue of the European Union".

Translational Lift's picture

This A-Hole (potus) needs a new supplier for his dope.....the shit he's doing now is fucking him up!!

Crumbles's picture

Pretty shitty 1st post ...
But what think ye of the editorial?

Mr Lennon Hendrix's picture

$1,000 bn

What?  Is he scared to write the word trillion?  Shit, he didn't even have the balls to spell the word billion.  What a pussy.

kaiserhoff's picture

Pussy Brit ghost writer.  They say things like thousand million and underground for subway.  Don't speak a whud of English;)

Mr Lennon Hendrix's picture

So maybe Obama's days working for the MI-6/CIA after college while with Kissenger Associates are catching up with him?

trav7777's picture

no...The One didn't actually write it.  Or it was heavily 'edited'

NeO doesn't write the shit he SAYS every day, why would he write the shit he writes either?

Mr Lennon Hendrix's picture

Doesn't he have to do something sometime?  To prove to himself he deserves th job?  Or do you really think he is Nero?

I understand why they have him speak plainly, so that the dumb people can repeat his jibberish, but wouldn't they have him write at least proper?

i-dog's picture

"In the US, we’ve had 19 straight months of private sector job growth and added more than 2.5m private sector jobs."

Now he's progressed from "lying when his lips are moving" to "lying when his typing finger is moving"!

(Or, more accurately, now publishing lies written by his handlers rather than just reading lies written by his handlers).


goodrich4bk's picture

I don't think he is incorrect.  Job growth has been exceedingly slow but nevertheless continuous since a couple of months after he took office.  The stock market also bottomed in March 2009, a couple of months after he took office.  You can question whether it is sustainable, whether it is as good as we would have had if we tried other things, but you fricken can't call it a lie.

Mr Lennon Hendrix's picture

I think you meant to have your drink in the other saloon.

i-dog's picture

So, they were right: There is one born every minute!

Have you looked at the shadowstats.com unemployment figures recently? (or ever?). http://www.shadowstats.com/alternate_data/unemployment-charts

They report unemployment without hedonic adjustments (the bullshit factor), seasonal adjustments (made up 'balancing items') or other fudges ('the dog ate my homework' new criteria for deleting more from the count). They compare apples (those counted decades ago) with apples (those counted today).

They show not only that total unemployment has risen since 1Q2008, but that private payrolls have waterfalled down since then.

So, I fricken well can, and fricken well do, call it a fricken bald-faced lie! And so should you....

MsCreant's picture

The crickets are deafening, had to break the silence. I doubt you will get a response to your sensible post.

PY-129-20's picture

There was one interview with the almighty O - I thought it was so surreal. Because O went on and on how about people are disappointed by politicans in DC and stuff like that. He sounded not like he was the president of your country, just a bystander.

Funny and sad to watch this. People here in Germany were also high on hopium. They would have elected the O here too. It was almost like a hysteria. Makes you think. But it confirms that Germans are still looking to America for guidance.

GeezerGeek's picture

Maybe the Germans liked Obama because he speaks Austrian so well. As far as I can tell, he makes just as much sense in that language as he does in English/American.

Mikehy's picture

Obama work? no, that doesnt sound right. 


Freebird's picture

Interesting, learnt to say for example a quarter of a
million rather than two hundred & fifty thousand - sounds more substantial. Same gig here? Bazboy playing down the numbers...

DoChenRollingBearing's picture

Did you enjoy Lima?

Gmail me at my name Freebird!

Freebird's picture

A liberated landing shortly ...tx Do
Lima? Yes & the author here reminds me of a lot of animals there chewing grass & shitting with reckless abandon...

Aguadulce's picture

Lol. Awesome. A thousand to the fourth power bailout package. He's right. It does sound like less.

swamp's picture

He's a DICK-tator, not a pussy. Women fought men for the right to vote.

oldman's picture

In a single word:


The root of this word is 'terror' and quite appropriate as such.

How can any thinking person in the US of A possibly consider voting for a president? How many obamas, bushes, clintons, reagans do we have to see before walking away from what passes as democracy in the US???

The editorial saddens me more than angers me----over and over, day after day the same old same old, and we still find it funny

WOW!!!           omj



cocoablini's picture

Get me a bucket. i need to vomit...

Mr Lennon Hendrix's picture

His writing is worse than an eight grader's.

Central Bankster's picture

It is the only way it accessible to the 99%.

Mr Lennon Hendrix's picture

His speaches were enough of a communique.  Penmenship lasts forever.  This is his first op-ed, right?  How many speeches has he given?  The speeches will get lost in the annals of history, but this will stand alone; glaringly alone.

MsCreant's picture

I learn so much on this site. From Mr Lennon Hendrix I learned that Obama has lost his speeches up History's ass. Do you have to go to the ER to dig that out, or is it best to just leave it there? I know history does not like it, but it is kind of used to being butt raped given that the victor gets to write it and all...


PY-129-20's picture

There is one speech that always will be remembered with Kaiser Wilhelm II. - Die Hunnenrede (Hun Speech). We still laugh about that one.

"Should you encounter the enemy, he will be defeated! No quarter will be given! Prisoners will not be taken! Whoever falls into your hands is forfeited. Just as a thousand years ago the Huns under their King Attila made a name for themselves, one that even today makes them seem mighty in history and legend, may the name German be affirmed by you in such a way in China that no Chinese will ever again dare to look cross-eyed at a German."


Calmyourself's picture

What stands glaringly alone is his failure to release  grades or writings of HIS from his college days.  You would think he would be proud of papers written as president of the Harvard review not a one of them has seen the light of day and where are his grades..  Imposter, fabian marinated in a soup of African post colonialism and white guilt..

And he married chewbacca, his judgement is in serious doubt..