But the European situation is certainly not his fault. The Chinese slowdown is not his fault. And the Europe thing cannot be underestimated. There was a study by some economists this week that, say, Greece leaves the euro peacefully. Well, that reduces growth to our 1.7. Say it brings Spain and Italy, and it as much messier. Then it is even worse. Obama has really very little control and he’s sort of a victim of this myth that presidents control the economy quarter to quarter.