Lexington laments Barack's troubles

The Economist's Lexington columnist writes in the current issue that Obama promised too much during his campaign and that makes it hard to govern. But the main problem is that Obama talks too much and thinks he knows more that he does.

Obama is on television daily. No one has that much to say. He overstates when he keeps preaching that economic catastrophe will occur if he doesn't get the "stimulus" he wants. No one can know that.

There is no evidence that TARP has accomplished anything but Obama claims that the next $500 million will do the trick. The last "stimulus" accomplished nothing but Obama claims the next trillion will do it. His claims aren't credible.