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Varney: Obama's Power and Prestige is Slipping Away

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  • Description

    FBN's Stuart Varney sounds off on Obama and the economy.

  • Duration 1:33
  • Date

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This transcript is automatically generated

The -- have a terrible week in fact he's had a terrible months here's my take on the next week and next month.

Brought a week from now all the house may have voted to sign the attorney general -- contempt that would not be good for the administration's image of what it.

By next Thursday the Supreme Court may repeat may have gusted Obama cat.

That would be a monumental financial event and a political earthquake.

Even if the Supreme Court does nothing the very unpopular obamacare will be back in the headlines not something President Obama Waltz.

How about next month's.

July it could be a repeat of June especially on the jobs front all the point to suggest that a job creation that whole thing is that a virtual standstill.

And that means the unemployment rate is very likely to go off it will indeed very likely go back up.

And then of course there's always Europe's crisis just waiting to explode.

Now look regardless -- -- politics this is not a good news for America.

The president's prestige his power his ability to shape events is slipping away.

Just when American leadership is needed in the world I'm just when presidential leadership is needed at home it's not that.

Events have hammered this administration some of those events or of their own making.

A we headed to the -- With -- government in disarray and our economy sliding and that is not a good place to be that is my take for this Friday.

The highlight -- is next.

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