In business, it would be called “on spec” how Europe, already in 2009, shortly after being elected and ahead of any major foreign policy decisions, awarded President Obama the Nobel Peace Prize. In doing so, “Europa got the kind of transnational American president it wanted,” The Wall Street Journal recently noted in a commentary. After almost eight years of Obama foreign policy, one, however, must wonder how much regret the selection committee may now experience about its decision. It was President Obama, himself, who after his election made the point that “elections do have consequences.” While his comment was made...