Bank Runs Happen on Mondays

Last Friday was Barack Obama's worst day ever. The man with the golden tongue came up way short. In fact, he was a fail of exaggerated proportion. Too bad for him, but worse for Americans of all stripes and pocketbooks. It was on that day, June 1, 2012, that the USA needed a leader and instead got a smooth-assed politician running for office.

When the house is afire, there is no time for silly banter. Get moving, put the fire out and take protective action. Indeed, the ability to recognize a true emergency from pilfe* is the distinction between a great doctor and a pill pusher. In the case of our St. John Chrysostum**, in the face of the country's dire economic fraility, his blather to a crowd of Honeywellians in the land of a thousand lakes*** was just that - blather.

That day tipped off at 8:30 AM with an acutely stinging jobs report. With only 69,000 new ones created through May, the number was viewed as the talisman of economic collapse. The rise in the unemployment rate from 8.1 -> 8.2% was also a slap. What with Europe already on life support and the Asian and Brazilian slow downs, America's knell of agony rang with an eerie dirge-like quality. Markets dove, talking heads had not much to say and Mitt Romney jumped on the opportunity to make hay.

In plain terms, Mr. Obama has been a failure. No, not for the miserable economy. For sure, he was handed a box of turds by his predecessor. Dubya Bush managed to make nice with his economy by fronting the most insane real estate run-up in history, during which everyone thought they had lots of cash-ola. It was the collapse of that particular castle of cards and the exposure of the greed of the banks which made Americans poor. But, a leader can never successfully look back and blame. Rather, he needs a plan of action and he needs to inspire confidence. Oh my!

As be bloviated and blamed Congress, played the veteran rejoinder and bemoaned jobs, Barack looked and sounded asea. Didn't he realize what was happening? Curiously, his performance made non Kool-Aided viewers want Ronald Reagan back. Somehow when that less than brilliant former actor spoke, ah.... Somehow he would have taken charge and he would have made Americans feel better with hope. RR would have told everyone how it is and how it will be.

Mr. Obama gave a running for re-election speech in the face of the incineration of the world's economic stability. Had he no clue? Didn't he get it? Is his lack of inexperience exacting too high a price? But be clear, Mr. Mitt was no wunder-wizard. While he had the presence of mind to publicly opine once he he recognized the sinking ship of the economy, his opination was political rather than anything that made anybody but him feel there's hope. Oh Mitt! Why don't you call yourself Willard. Frankly, Mitt is a stupid name for a President just like Muffy is a stupid name for almost anything.

Rudderless, leaderless and divided, America has lost its mojo. Despite remaining a war leader, Yankee claims to fame are falling like a knife off a table. Beware below!!! So sad, but the evolution of a society often leads to its demise. As the sun climbs into view over the Atlantic this Sunday, some sit and watch. Some know that today is another day, a new day and hope springs eternal. Some are going to bike ride the boards, breathe in the salt air and firm up the idea of taking all of their money out of the banks first thing Monday morning. Monday...

Ciao, fellow babies...

*neologism, it means whatever you think
**the esteemed saint had a golden tongue
***Mr. Obama was speaking before the Honeywell Corporation in Golden Valley, MN