Please don’t get me wrong. I am one of those people that supported your nascent campaign once you declared in Illinois. If I could have voted in 2008, I would have voted for you.
Even though I am not Congressman Wilson, I have to say it, you lied!
You have said that you would rather be a really good one-term president, than a mediocre two-term president.
As is evidenced from the way you recklessly managed the debt ceiling issue, you clearly had the 2012 re-election campaign in your sights.
The right thing for the country, and the world, would have been for you to stick to loose fiscal policy in the immediate-short term, and lay out a credible medium term plan for reigning in the deficits and paying down the debt once the economy has fully recovered. But you did just the opposite - with allowing the Republicans to cajoling you into short-term spending cuts and shirking the responsibility for the real tough decisions (like tackling social security, and medicare reform) to a Congressional Committee.
The ironic thing is, as you can see from the markets reaction, if the economy continues to deteriorate and slips back into a recession just in the nick of time of the next re-election - you will likely be the worst combination of what you wanted.
A mediocre one-term president.
That would be a travesty, because you had so much potential.