Obama does bear responsibility for the high, and now likely perpetual, unemployment rates, the skyrocketing budget deficits, and the rapid rise in our national debt in the past two years.  Domestically, the obsession with passing Obamacare and expanding government had a direct cause and effect relationship to our economic problems.

Internationally, it more is a matter of neglect and disregard, rather than a causal connection.

Having prostrated the United States before the world in the first months of his administration, and then having largely abandoned that world while focusing on Obamacare, we have watched a de facto Iranian takeover of Lebanon via Hezbollah, and a spread of Iranian and Islamist influence.  It remains to be seen in which direction the Egyptian crisis moves, but all signs point to creater instability in the region and greater influence of Islamists.

The administration’s complete obsession with Obamacare has had intended and unintended consequences, only some of which presently are known.

Update:  Yes, I know, not all of the foreign policy has been neglectful.  The Obama administration was quite active in supporting the Hugo Chavez-wannabee who tried to make himself president-for-life over the objections of the Honduran people, and in publicly scolding the Israelis for the lack of progress in peace talks. 
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