Just hours agothis was the prevailing wisdom:

According to GameBids.com, which tracks the progress of Olympic bids, President Obama’s decision to appear in Copenhagen and give a speech to the IOC was boosted Chicago’s chances for winning.

Evidently, Chicago’s chances of winning must have been way low because not even Obama could improve them, Chicago lost in the first round, receiving the least amount of votes despite the stirring and persuasive oratory skills of Obama.
Before Obama flew to Copenhagen, everyone was assured that the fix was in and Chicago would win their bid for the Olympics because when Putin and Brown put in an appearance, they’re countries won the chance to host the games. Other heads of state realized this as well and put in an appearance:

Other cities also have their country’s leaders attending the meeting to support their bids.
Spain’s King Juan Carlos and Queen Sofia and Spanish President Jose Luis Rodriguez Zapatero are planning to push the case for Madrid, according to the Madrid 2016 bid committee.
Brazilian President Luiz Inacio Lula da Silva was expected to be joined by soccer legend and Brazilian native Pele as they advertise the benefits of a Rio Games.
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Japanese Prime Minister Yukio Hatoyama, just two weeks into the job, also planned to be at the vote to demonstrate the government’s full backing of the Tokyo bid, the bid committee said.

Not a good year to try and play the head of state card.
Well, all I can say is this: bwahahahahahahahahahahaha! So much for our improved standing in the world. Now, the big question is: how does the left blame this on Bush?
I wonder if the Olympic committee wasn’t too thrilled that Michelle Obama thought it was such a sacrifice to be there.
BTW, can’t say I’m too upset because now the graft will not be flowing in Chicago. What will the slum lords do with their properties now?
Update: This is so funny, the CNN anchor is in shock.
Updated again: Check out the shock on the face of the people of Chicago when they found out that Obama wasn’t the miracle worker they thought he was.