This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Obama on Syria: Yet Another Management Failure

The hard reality is that unless U.S. forces are under direct attack, voters will not support action.

President Obama has never accepted that he must take political heat for tough decisions as the price for occupying the Oval Office.

Now Secretary of State Kerry has misstepped. Stating that Syria could wiggle out by delivering its chemical weapons to international authorities, he has permitted Russia, which is most interested in diminishing U.S. status in Europe, to assert it can broker such a deal.

Syria may deliver some weapons, but negotiations over a verification system to ensure the delivery is complete will go on for months and may never conclude. In both Europe and America, opposition to military action will grow and if the president persists in advocating a strike, the U.S. will be increasingly isolated and unable to act effectively without putting its forces at unnecessary risk.

Syria's military assets will be well hidden; its air defenses hardened and the now-positioned Soviet armada will be able to pinpoint American naval movements for its military. Cruise missiles won't be enough and American pilots and seamen will be at great risk.

Had the president acted in August when Assad's use of chemical weapons was determined, he would have had more allied help and American forces would be less vulnerable.

Instead, the president may be forced to back down, leaving Assad in power and to his successor the very difficult task of rebuilding American credibility abroad.

Once again, the president gets an F for his management of the Syrian crisis.

Professor Peter Morici, of the Robert H. Smith School of Business at the University of Maryland, is a recognized expert on economic policy and international economics. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals, including the Harvard Business Review and Foreign Policy. Morici has lectured and offered executive programs at more than 100 institutions, including Columbia University, the Harvard Business School and Oxford University. His views are frequently featured on CNN, CBS, BBC, FOX, ABC, CNBC, NPR, NPB and national broadcast networks around the world.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs