The Sunday chatterers are hailing this week as a great watershed in the Obama presidency. On Meet the Press, they grouped the trade agreement and the three Supreme Court cases together to crow that he is now as consequential a president as Ronald Reagan was. He may be — but if so it will not have much to do with this week’s events.

The trade agreement was passed with Republican muscle despite the president’s complete failure to bring along his own party. Though it had long been clear to Republicans that Obama has few leadership or negotiation skills, the trade debate made that aspect of his presidency plain to Democrats as well, who complained loudly that Obama insulted them and impugned their motives.

The Supreme Court victories are obviously very pleasant for Obama. But they say almost nothing about his leadership. Justice Kennedy, for reasons that I decline to speculate about, chose to join the four liberals on the bench on the disparate impact, Obamacare, same sex marriage cases. Until May 9, 2012, President Obama was officially opposed to the legalization of gay marriage. Are we to say that the Supreme Court’s ruling is his doing? Modern Family deserves the credit more than Obama. He’s clearly attempting to steal the limelight (literally, by illuminating the White House in rainbow colors), but really, he was mostly a cautious bystander in this cause.

If this president turns out to be as consequential as Ronald Reagan was, it will be for entirely negative reasons: Because he extended a red carpet to Iran to get a nuclear weapon, saddled our nation with ruinous debt, weakened our military to dangerous levels, and encouraged a culture of dependency.