Barack Obama & the Not-so Midas Touch: The One Suffers Embarrassing Setback on South Korea Trade Deal

 

Obama and the non-Midas Touch … With the One, all that glitters is not gold.

How bad is it for President Barack Hussein Obama? Even the New York Times called the last minute failure to seal a trade deal with South Korea that would expand American exports  an “embarrassing setback”. Heck, even Chris Farley as Tommy Boy  sold enough brake pads to keep the Callahan business going.

For President Obama, the last-minute failure to seal a trade deal with South Korea that would expand American exports of automobiles and beef is an embarrassing setback that deprives him of a foreign policy trophy and demonstrates how the midterm elections may have weakened his position abroad.

U.S. and South Korea Fail to Agree on Trade (November 12, 2010) Mr. Obama has made free trade a central theme of his 10-day mission to Asia.From Seoul to Washington, business leaders, foreign policy analysts and diplomats were convinced that the president would wrap up the accord during a meeting with President Lee Myung-bak of South Korea on Thursday. Instead, the two leaders emerged empty-handed, arriving at their joint news conference to say that they had instructed their negotiators to keep at it a little while longer.

“We need to make sure that over the next several weeks, we are crossing all the t’s, dotting all the i’s, being able to make the case to both the Korean people and the United States population that this is good for both countries,” said Mr. Obama, who is in Seoul for the Group of 20 conference. “And if we rush something that then can’t garner popular support, that’s going to be a problem. We think we can make the case, but we want to make sure that that case is airtight.”



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  • Comments

    12 Responses to “Barack Obama & the Not-so Midas Touch: The One Suffers Embarrassing Setback on South Korea Trade Deal”

    1. Buster on November 11th, 2010 10:08 pm

      obama IS the MIDAS of PRESIDENTS !!! except everything he touches turns to CRAP !!!

      Hey obama you must be wearing see thru underwear because I can clearly see your NUTS !!!

    2. rightknight on November 11th, 2010 11:24 pm

      Actually, it’s America that’s embarrassed by this bad dream
      of a President.

    3. Mary on November 12th, 2010 6:21 am

      Maybe he did not bow down to President Lee Myung-bak of South Korea, ??????

    4. barbreee on November 12th, 2010 7:46 am

      Oh yeah, didn’t he “consider” joining the military as a young man? That would have been the only way he could have honestly served America.

    5. Scared Monkeys on November 12th, 2010 7:53 am

      #4, he cannot even make himself available to be in the US and Arlington National Cemetary on memorial Day or Veterans Day to honor the troops.

    6. brie. on November 12th, 2010 11:54 am

      He is suppose to be our President, Commander and Chief…he’s a far cry from showing any respect for our past and present soldiers….those that have fought long and hard to preserve our country and continue to do so…those in the military salute our flag, those that are not stand at attention with their hand over their heart…..the colors in the flag stand for:

      Red–Hardiness, valour
      White–Purity and innocence
      Blue–Vigilance, perseverance and justice

      No reason that a person should not honor our flag unless you have a religious reason such as (muslim) Well we all know who that is…!!!!

    7. Wolf on November 12th, 2010 2:34 pm

      #5
      He’s not the only one…..

    8. southernsue on November 13th, 2010 9:01 am

      #5, it’s because he’s a muslim. he does not know america’s struggles. he surrounded himself with america haters, all his life.

      he is on the run. he is also waiting for his orders from his command puppetier, to tell him what to do next.

      this man is very dangerous. he and his puppet master must be stopped or we will reap the concequences.

    9. Washington Post Says Obama … “To be a Great President, Obama should not Seek Reelection in 2012″ | Scared Monkeys on November 13th, 2010 12:10 pm

      [...] Obama’s Presidency, a terrible economy, record spending and deficits, 10% unemployment and an embarrassment overseas.  Just two years after elected the Obamamessiah, Democrats are starting to do the unthinkable [...]

    10. Barack Obama’s Worst 10 Days of Poltical Career … The One Comes Home Empty Handed with ‘Bupkis’ | Scared Monkeys on November 13th, 2010 2:02 pm

      [...] [Yiddish for 'nothing'].” Obama’s inauspicious 10-day, four-nation trip included a failure to land an anticipated slam dunk free trade agreement with South Korea. It also included a botched effort to rally Western allies to press China to budge on a monetary [...]

    11. Jay Banks on November 17th, 2010 1:57 pm

      Nice summary !

      Trade obstructions should move up against other countries the same as they have assigned to the United States. Globalization is not a tree roots exertion from the bottom up, it is being imposed from the top down. Ceilings are not protection, it’s – defend your job. American workers are getting broadsided by US companies who get tax breachs to off jobs.

      JB

    12. Milo Smith on October 10th, 2011 4:57 am

      WOW! Really?!? How can you idiots say anything about Obama after you voted for W. Bush? President George W. Bush THAT U ELECTED was the biggest joke on the planed earth FOR 8 YEARS! How can you even open your mouths and say anything at all about this president? who cares if he is half black or half green creature from star trek, he is WAY SMARTER AND MORE EQUIPPED to run this country than the last president who we are still trying to clean up after! Go wipe the crap off your you-know what with your hand, jeesh!
      _______________________
      SM: Really, how was Obama more qualified to run the United States? He has shown that he has zero experience to do so and is the reason why he has been the worst President ever. Obama is actually making people yearn for the Carter years.

      Serious, what qualifications does Obama have to be President? Waiting … 1, 2, 3 … still waiting. This fool is not even qualified to run a Cheeseburger Charlies franchise.

      Obama was a community organizer which makes him a community instigator. No wonder he has a fondness for the Wall Street protesters.

      Obama is a joke and will be defeated in 2012.
      R

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