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Last fall, Barack Obama was deemed by all the great and good as the man to save the country from its financial crisis because of his calm. As John McCain flailed around, Obama stayed steady, and commentators ascribed to him the most extraordinary leadership qualities based merely on his equipoise.
How is that working out? Well, the stock market has lost roughly 25 percent of its value in the past two months, destroying more than $2.6 trillion of wealth. But at least President Obama is calm.
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