"Talk radio shows accuse Obama of acting like a Third World dictator heading a thug government. That's a devilishly ingenious line of attack on a president who actually makes weaker use of his domestic power than any since Jimmy Carter.
Example: The U.S. recovery that commenced in the summer of 2009 stalled in the spring and summer of 2010. Many economists blame the stall on the Federal Reserve's April 2010 decision to stop providing additional monetary stimulus for fear of igniting inflation. Those inflation fears proved utterly misplaced, and in late 2010 the Federal Reserve resumed its monetary stimulus.
Where was the president during this crucial debate? AWOL.
Yes, yes, the Federal Reserve is independent and all that. But other presidents have succeeded in making their views known and respected on monetary policy. Obama had a unique chance to influence the debate, because through the summer of 2010 two of the seven seats on the Fed's Board of Governors stood vacant. The president nominated expansion-minded governors to fill the seats. The nominations were put on hold by Republican senators. And what did the president do? Did he take to the airways to demand action on his nominees? Did he punish the senators by stopping federal projects in their states? Did he fill the seats with recess appointments?
To borrow the answer from Fred Armisen's imitation of Obama on "Saturday Night Live": "I'm seeing two big accomplishments: jack and squat."
By David Frum, CNN Contributor
http://www.cnn.com/2011/OPINION/07/25/frum.obama.mistakes/index.html?hpt=hp_t1