Obama faces growing credibility crisis

http://www.ft.com/cms/s/0/434315b2-8ea6-11df-8a67-00144feab49a.html

“If you ask me where the silver lining is for President Obama, I have to say I cannot see one,” says Bill Galston, a former Clinton official, who has been predicting for months the Democrats could lose the House. “Just as BP’s failure to cap the well has been so damaging, Obama’s failure to cap unemployment will be his undoing. There is nothing he can do to affect the jobless rate before November.”

“The bottom line here is that Americans don’t believe in President Obama’s leadership,” says Rob Shapiro, another former Clinton official and a supporter of Mr Obama. “He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that.”

Say what? Also, how appropriate is it that Rahm Emanuel is resigning as Obama's Chief of Staff today. His former quote:

"You never want a serious crisis to go to waste."

Good luck, Chicago. You will need it. And for the rest of America: hold on to your hat.