Not even such a historical turn of events as the USA having its first African-blooded President serve to quench the anxiety of the crisis kindled in the heart of America’s financial bastion. No amount of funds shoved into ailing banks and industries have served to appease the leaping tongs of the savage bushfire this American financial crisis has produced worldwide.
President Obama has inherited not only an ailing economy but likewise an even worst social panorama in the midst of greater unemployment and chaotic social policies. Indeed, the first 100 days of government have not been precisely a Mardi Gras parade down Pennsylvania Avenue but rather a frantic attempt to live up to world expectations that his charisma would bolster sufficient support worldwide towards consensus solutions.
Viewed from this side of the Atlantic, Obama’s weeklong tour of Europe with a surprise visit to Iraq, seem to indicate that the President’s scenic popularity among Brits, French, German & Czech populace was not seconded by euphoria in his appeals to European and other world leaders. In Turkey, the signs of prudent mistrust deepened, only to undergo even further question in the brief stint in strictly U.S. military premises in Iraq.
The world crisis stands today practically as it was 100 days ago when President Obama was doubly sworn into office. True to say, more money has been handed out to ailing U. S. automobile manufacturers and recently the larger hard-of-cash banks have declared their first trimester of profits. Nevertheless, unemployment has reached record levels and social welfare & healthcare promised actions are still far from implementation. The American scenario, in spite of the President’s request at the G-20 London Summit for a joint effort, is under observation from all world fronts. If Obama’s team of experts should be incapable of harnessing America’s economy, compromises reached to fund the IMF will be turned into wet paper.
Not only Obama’s charisma & credibility is at stake but also his footsteps will have misled other world leaders into the wrong path at this decisive crossroads.
As it stands today, European Union leaders seek proof that America has the willpower to continue occupying world supremacy in more than military alliances such as 60-year old NATO or world organisms as the United Nations, the IMF or the World Bank. In effect, there is a rather increasing incredulity emanating from the inefficiency of said organisations in bringing about peace and prosperity to all Mankind in this New Millennium.
This is the challenge President Obama was faced with at his various European summit meetings. EU leaders have adopted a “wait and see attitude” that may either turn into applause or intense criticism at the next G-8 session scheduled in Rome for this summer, prior to the next G-20 meeting in autumn. Thus, Obama’s first 100 days have not been all that prolific as his team would have expected. On top of a loaded priority list, I would encourage the President’s team to remember that the United States singlehandedly will definitely not resolve neither its internal economic situations nor contribute towards the desired global recuperation of the world’s major economies.
Madrid, April 18, 2009