The Fable of Barack and the Foxes

Published in La Tribune
(France) on 7 February 2010
by Marc Fiorentino (link to originallink to original)
Translated from by Alec Sprague. Edited by .

Edited by Jessica Boesl

This resembles a fable by Jean de La Fontaine, “Le Corbeau et le Renard” (The Crow and the Fox).* As of his election, the new American president was submerged in flattery. Barack Obama became the messiah not only for the United States, but for the entire world. And among the sincere and naive fans, always on the lookout for an idol since Elvis Presley's death, there are some foxes fixed on Obama's cheeses. In Barack they believed. As Michel Berger sang, "they like me, they love me, it's crazy that they like me." And the pianist then extended his hand to his groupies, of course, but also to his enemies of yesterday, all the while thinking that a Ghandi-like approach will turn them into his friends tomorrow. And for one year, he showed his left cheek while swallowing so many snakes that [Prime Minister Francois] Fillon, though a specialist, could not compare.

All this would only be able to last for four years and then lead Obama to announce defeat. Only this: Ted Kennedy is dead. And a year to the day after the presidential election, a brutal "wake up call" resonates. An unknown, nude playboy became an eager triathlete and worked against all odds to allow the Republicans to achieve a miracle, causing Barack Obama to lose the qualified majority in the Senate. This is an earthquake. And this time it is too much. The young Barack rediscovered his fable book and the moral of La Fontaine: "the Crow, ashamed and embarrassed, swore, a little late, that he would never be fooled again." And Barack read that he is not too late. He has lost the cheese, but not the war. He looked around him and noticed that his administration is full of defenders of special interests.

It began with Tim Geithner, the Treasury secretary and the true mole of Wall Street. He withdrew himself to his faithful ones: David Axelrod, Robert Gibbs, Rahm Emanuel and Valerie Jarrett. After the hour of the outstretched hand, comes the hour of the slam. And it began with the banks. There were calls upon the old Paul Volcker, former chairman of the Federal Reserve, and a decision to wash away the insult of the obscene bonuses of 2009 with an order: "The banks are going to pay." And they will pay. Then it was China's turn. No more bending over for the Chinese power that laughs behind his back. Within two weeks, there were attacks on all fronts: freedom of expression with Google, Taiwan with a beautiful delivery of weapons, Tibet with the Dalai Lama’s return to favor in the United States and finally the yuan.

Basically, all of the problems that are upsetting. Then he suddenly remembered that Bill Clinton had won in 1992 with the slogan, "it's the economy, stupid!" But of course, he is stupid! He ended the games with the world's presidents (leaving that to Sarkozy), and he ended the big, useless international summits and carbon dioxide reductions (he canceled his plans to attend the European Summit organized by Spain). It is necessary that he take care of the American economy — American jobs, small businesses, taxes. They elected him to be the Robin Hood of the modern woods. He goes, therefore, to take from the rich and give to the poor, and to put their feet back on solid ground while canceling the trips to the Moon and Mars.

Barack Obama reacted. He reacted quickly. It's traditionally during the elections of Congress that incumbent presidents are drawn into question, but the elections in Massachusetts have won him a year. I must acknowledge that I did not like Barack Obama at first, probably because that would have been a big contradiction — I hate collective hysteria. But this new Barack, who has abandoned the habits of Jimmy Carter to don the suit of a Reagan Democrat, is beginning to please me. The big investors and the speculative funds will have had one certain impact on the metamorphosis of Barack Obama, and this impact will be crucial on the foreign exchange markets, the interest rate market, the equity market. One knew that 2010 would not resemble 2009 at all. Now we have the proof. After the "Yes I can" [campaign], doubt appeared with "Maybe he can't." Here comes the hour of "Maybe he can."

*Editor's note: Full Text of "The Crow and the Fox":

Mr. Crow, sitting in a tree,
Held a piece of cheese in his beak.
Mr. Fox, mouth watering from the scent,
Uttered almost precisely this to him:
“Hey! Good morning, Mr. Crow.
How lovely you are! You look so beautiful!
Without lying, if your songs
Are in keeping with your feathers,
You are the Phoenix of the inhabitants of these woods.”
With these words the raven feels nothing but delight.
And to show off his beautiful voice,
He opens a wide beak and lets his prey fall.
The Fox grabs it and said: “My dear sir
Learn that every flatterer
Lives at the expense of the one who listens to him.
This lesson is worth a piece of cheese, no doubt.”
The Crow, ashamed and embarrassed,
Swore, but a bit late, that he would never be fooled again.


Cela ressemble à une fable de La Fontaine. Dès son élection, le nouveau président américain est submergé par les flatteries. Barack Obama devient le Messie, pas seulement pour les Etats-Unis, mais pour le monde entier. Et parmi les fans sincères et naïfs toujours à la recherche d’une idole depuis la mort d’Elvis Presley, se pressent quelques renards qui visent tous les fromages d’Obama. Et Barack y croit. "On m’aime, on m’adore, c’est fou comme on m’aime", comme le chantait Michel Berger. Et ce pianiste-là tend la main, à ses groupies bien sûr, mais aussi à ses ennemis d’hier dont il pense qu’une approche à la Gandhi en feront des amis de demain ; et pendant un an, il tend la joue gauche et avale tellement de couleuvres que Fillon, un spécialiste pourtant, ne soutient pas la comparaison.

Tout cela aurait pu durer quatre ans et entraîner Obama vers une défaite annoncée. Seulement voilà. Ted Kennedy est mort. Et un an jour pour jour après l’élection présidentielle, un "wake up call" brutal se met à résonner. Un inconnu, play-boy nu devenu triathlonien acharné, offre, contre toute attente, aux républicains la victoire miracle qui fait perdre à Barack Obama sa majorité qualifiée au Sénat. C’est un séisme. Et cette fois, c’en est trop. Le jeune Barack retrouve son livre de fables, et redécouvre la morale de La Fontaine : "le Corbeau, honteux et confus, jura, mais un peu tard, que l'on ne l’y prendrait plus". Et Barack se dit qu’il n’est pas trop tard. Il a perdu un fromage, mais pas la guerre. Il regarde autour de lui et s’aperçoit que son administration est truffée de défenseurs d’intérêts particuliers.

A commencer par Tim Geithner, secrétaire au Trésor, mais véritable taupe de Wall Street. Il se replie sur ses fidèles : David Axelrod, Robert Gibbs, Rahm Emanuel et Valerie Jarrett. Après l’heure de la main tendue, voici l’heure des claques. Et il commence par les banques. Fait appel au vieux Paul Volcker, ancien président de la banque centrale américaine, et décide de laver l’affront des bonus obscènes de l’année 2009 avec un mot d’ordre : "les banques vont payer", et elles paieront. Puis, c’est le tour de la Chine. Fini de se courber pour que le pouvoir chinois rie dans son dos. Il attaque, en deux semaines, sur tous les fronts : la liberté d’expression avec Google, Taiwan avec une belle livraison d’armes, le Tibet avec un retour en grâce aux Etats-Unis du dalaï-lama, et enfin le yuan.

En gros, tous les sujets qui fâchent. Puis il se rappelle soudain que Bill Clinton avait gagné en 1992 avec le slogan "It’s the economy stupid !". Mais oui, bien sûr, qu’il est stupide ! Fini de jouer les présidents du monde (laissons cela à Sarkozy), fini les grands sommets mondiaux inutiles et couteux en CO2 (il annule sa venue au Sommet européen organisé par l’Espagne), il faut qu’il s’occupe de l’économie américaine. De l’emploi américain, des petites entreprises, des impôts. On l’a élu pour être un Robin des bois moderne. Il va donc prendre aux riches pour donner aux pauvres et remettre les pieds sur terre en annulant ses voyages sur la Lune et sur Mars.

Barack Obama a réagi. Il a réagi vite. C’est traditionnellement à mi-mandat, lors des élections au Congrès, que les présidents en place se remettent en question, mais l’élection du Massachusetts lui a fait gagner un an. Je dois vous avouer que je n’aimais pas Barack Obama 1. Probablement parce qu’en bon contrarian, je déteste l’hystérie collective. Mais ce nouveau Barack qui a abandonné les habits de Jimmy Carter pour endosser le costume d’un Reagan démocrate commence à me plaire. Les grands investisseurs et les fonds spéculatifs planchent depuis quelques jours sur l’impact de la métamorphose de Barack Obama avec une certitude : cet impact sera crucial sur le marché des changes, le marché des taux, le marché des actions. On savait que 2010 ne ressemblerait en rien à 2009. On va en avoir la preuve. Après le "Yes I can", le doute est apparu avec "Maybe he can’t". Voici venue l’heure de "Maybe he can".
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