OBAMA’S FOREIGN POLICY: Remain calm! All is well! Plus: “One way to preserve presidential self-esteem in the face of failure is to surround himself in ever more lavish trappings.”

UPDATE: Imperial Trappings For An Empty Suit. “It was, I suspect, the jarring juxtaposition of the two phenomena — a president who travels like Julius Caesar but negotiates like Neville Chamberlain — that most amused Russia’s oligarchs.”