The world leaders who assembled at the G20 reached an agreement to address the global economic crisis, but whether their plan has merit depends a bit on who you ask. On the one hand, the agreement "was more than what experts expected," and was arguably "remarkable given the discord that preceded Thursday's meeting." The LA Times said the end product "surprised many observers with its unusually substantive achievements." At the same time, the WSJ and NYTwere less impressed.
But how about President Obama's first turn on the global stage, just two months into his first term? He told reporters yesterday, "I think I did O.K." By some measures, Obama was selling himself short.
For example, there was a heated disagreement between France and China over tax havens and the Organization of Economic Cooperation and Development. Obama personally intervened, took the opposing leaders aside, and brokered an agreement based on little more than a rhetorical shift. The process seemed a little silly, but it was the U.S. president's "first moment as a statesman."
TNR's John Judis said Obama's "performance at the G-20 has been flawless." TAP's Tim Fernholzadded, "After the G-20, we can say that President Barack Obama had a successful entrance onto the world stage." The WaPo's Steven Pearlstein concluded, "All in all, a pretty successful opening-night performance for President Obama on the international economic stage. He achieved most of what he wanted while allowing others to claim victory and allowing the United States to shed its Bush-era reputation for inflexibility and heavy-handedness. And by the standards of past summits, this one was full of accomplishment."
The Republicans suck at the expectations game. It's like they've suddenly become bad at politics.