President Obama loves to talk, loves to hear himself talk, says the same thing over and over again, loves a press conference, never got off the campaign trail and never took on the responsibilities of being President of the United States.

On his watch the United States’ credit rating was downgraded Friday evening by S&P for the first time since 1917 – a stain of shame on the Obama presidency.

He waits 2 1/2 days to respond to the downgrade, doesn’t come on air today until after noon – too late to stem the tide of the markets – and then he does so with a canned speech read off a teleprompter delivering messages we have all heard before and does so with the passion of a lizard.

The impact on Wall Street was devastating today sending the market below 11,000, the Dow down 635 points serving up the 6th worst day in the market’s history.

Obama’s sense of urgency in response to a crisis is not that of a freshman EMS volunteer.

He is after all much better at partying and fund raising as he proved last week with several events celebrating his 50th birthday.  And, tonight he is at another fund raiser.

He tells us today that he knows we are going through tough times, but talks about things he can’t control like hurricanes and tornadoes, that impact the economy — feeble excuses for his errors of ommission.

At the outset, Obama wanted Congress to raise the deficit ceiling without any restrictions attached to the debt deficit of some $14, trillion of which he added $4 trillion since he has been in office.

How oblivious could a leader be to the problem at hand?

During the debt deficit debate the GOP served up two bills to address the debt crisis, both of which were stonewalled by the Democratic controlled Senate and Obama.

Meanwhile, Obama, nor the Senate serve up any solution of their own.  Not a written word from the White House other than speeches and rhetoric before the cameras.

Today Obama said, “We didn’t need a credit agency to tell us that grid lock has not been constructive,” to the debt crisis.  Apparently someone had to bring the White House to some sense of reality.

In the interim he sent his Chicago based goons to blame the Tea Party for holding the Obama administration’s feet  to the fire.  And, oh let us not forget Treasury Secretary Geithner, you know the guy that can’t get his own income tax filing right and promised that there would not be any downgrade by S&P, to stay on when everyone is calling for his firing.  Hardly the sharpest knife in the draw.

In addition to failing a credibility quotient, Obama has not been very serious about the promises he made to the people as a candidate nor as a president.

We got what we got until 2012, lessons have been learned and we the people have paid the price. 

Obama as a loser will come out a winner in his own personal economic portfolio.