If you did not see 60 Minutes last night, it is worth watching the interview with Barack Obama.

It is instructive because the president honestly feels he is doing an excellent job.

He seems to have no doubts at all that the soft economy and the chaos overseas have anything to do with him.

It is amazing to watch this, but all Americans should.

We begin with ISIS:

STEVE KROFT, CBS NEWS: “Somebody has to take them on.  I mean, what's going on right now is not working.  I mean, they are still occupying big chunks of Iraq.  They're still occupying a good chunk of Syria.  Who's going to get rid of them?”

PRESIDENT OBAMA: “Over time, the community of nations will all get rid of them, and we will be leading getting rid of them.  But we are not going to be able to get rid of them unless there is an environment inside of Syria and in portions of Iraq in which local populations, local Sunni populations, are working in a concerted way with us to get rid of them.”

So President Obama is telling Americans that Sunni Muslims must defeat a group that has pledged to deliver death and destruction to America.

Sunnis have to defeat them.

Second soundbite: The 500 million dollars wasted by the Obama administration trying to train Syrians to defeat the dictator Assad:

STEVE KROFT, CBS NEWS: “If you were skeptical of the program to find and identify, train and equip moderate Syrians, why did you go through the program?”

PRESIDENT OBAMA: “Well, because part of what we have to do here, Steve, is to try different things.  Because we also have partners on the ground that are invested and interested in seeing some sort of resolution to this problem.”

Try different things?  Sounds like a Chinese buffet restaurant.

Incredible.

Third soundbite: The collapse of Mr. Obama's foreign policy.

STEVE KROFT, CBS NEWS: “There is a perception in the Middle East among our adversaries, certainly and even among some of our allies that the United States is in retreat, that we pulled our troops out of Iraq and ISIS has moved in and taken over much of that territory. The situation in Afghanistan is very precarious and the Taliban is on the march again. And ISIS controls a large part of Syria.”

((EDIT))

PRESIDENT OBAMA: “I guarantee you that there are factions inside of the Middle East, and I guess factions inside the Republican party who think that we should send endless numbers of troops into the Middle East, that the only measure of strength is us sending back several hundred thousand troops.”

So according to President Obama, there is no solution to radical Islamic terror other than sending several hundred thousand troops into dangerous areas.

So because he is adverse to using troops on the ground, he sits back and does little.

The results in the Middle East and Europe are glaring.

Talking Points well understands that no president wants to admit failure ever.

Recently the Carter administration almost wrecked the country.

Mr. Carter lost big to Ronald Reagan but never admitted that he had fouled things up.

And throughout history that's been the case.  I mean Herbert Hoover wouldn't even cop to the Great Depression.

So as President Obama enters his final year, the nation is struggling.

But in his eyes he's done a fine job and believes he would win reelection again.

And that's the memo.