By Peter Hannaford, American Spectator
Barack Obama’s Merlin Dust supply must have run out when he arrived in Moscow last week. On previous trips to Europe crowds swooned and the news media gasped in awe, but in Moscow this didn’t happen. He was treated politely, but as if the folks on the street saw heads of state every day. It was quite a contrast to the heroic reception Ronald Reagan received in 1988 and 1990.
He went on to Italy for one those Grand Kabuki meetings of the heads of the Group of Eight leading industrial states. He regained some of the approving respect of the social democrats among them by apologizing once again for the United States, this time in terms of carbon emissions. He returned home claiming that he and the others had reached yet another historic agreement, this one to reduce those carbon emissions sharply by 2050. Of course the agreement was not binding and China and India rejected the notion of limits. So, in sum, the Merlin Dust was ineffective.
The Obama Merlin Dust doesn’t seem to be working with stimulus packages, either. Of the $787 billion one he got from an obliging Congress in February, only about 10 percent has been spent so far and most of that on extending unemployment payments and other “safety net” services. Regardless of how worthy those efforts may be, they do not stimulate the economy.