The Obama Downgrade, Alphabetically

This one is by Bret Stephens at the WSJ (H/T: HillBuzz) and contains an entry for every letter of the alphabet. I’m just going to quote a few of my favorites, but you should read the whole thing.

A	is for the Arab world, and our standing in it: This year, Zogby International found that 5% of Egyptians had a favorable view of the U.S. In 2008, when George W. Bush was president, it was 9%. Wasn’t Obama supposed to make the Arab world love us?
D	is for—what else—the federal debt, which grew to $14.3 trillion this month from $10.7 trillion at the end of 2008. D is also for the dollar, which has lost almost half its value against gold since Aug. 2008.
E	is for energy. The average retail price of a gallon of gas hovered near the $1.80 mark when Mr. Obama was inaugurated. It has since more than doubled. E is also for ethanol, the non-wonder fuel the U.S. continues to subsidize to the tune of $5 billion a year.
G	is for Guantanamo, which remains open, and for Gadhafi, who remains in power, and for Greece, which offers a vision of America’s future if we don’t reform our entitlement state.
I	is for Israel, a Middle Eastern country the president claims to support even as he routinely disses its prime minister, seeks to shrink its borders and—why not?—divide its capital. I is also for insane, for all the Jews who vote for Obama’s reelection next year.
J	is for jobs. In November 2008, president-elect Obama promised he would create 2.5 million jobs by 2011. By October 2010 the economy had shed 3.3 million jobs. For the seventh time, he’s now claiming to have shifted his attention to creating jobs.
M	is for Mexico, a country that manages 5.4% unemployment and 4.2% annual growth even as it fights a war against the drug cartels. Obama, meanwhile, is arming those cartels.
Q	is for QE2, the most disastrous experiment in monetary policy since Fed Chairman William Miller’s low-interest rate policy crashed the dollar in 1978. There is talk of QE3 coming soon.
T	is for taxes, which Mr. Obama would like to see raised for “millionaires and billionaires”—curiously defined as people making $200K and up.
X	is for Liu Xiaobo, an example of what a deserving winner of the Nobel Peace Prize looks like. X is also for Xanax, likely to be remembered as the drug of choice of the Obama years.
Z	is for zero, which is the likelihood that one of the current GOP hopefuls will defeat Mr. Obama in 2012. I hope this is wrong, but I fear it isn’t.

(Comments in red by yours truly.)