Submitted by IceCreamYou on Mon, 11/24/2008 - 9:30pm
Obama said today that he is working closely with President Bush on a number of issues, most importantly the economy. Perhaps that is understated; Obama is taking an unprecedented amount of control before he has taken office in a bid to, as he puts it, "hit the ground running on January 20th." To this end, he's practically a co-president with Bush at this point; from Bush's end, there's a lot of incentive to work with Obama as well, since his reputation in history could rest on which of his programs Obama concludes successfully. And this is, I think a very good thing, and something I hope we see more of in future presidencies. For one thing, analysts have always said that the nation is most insecurity in the so-called "lame duck" period; for another, it allows Obama to get a head start on his economic priorities, which can be nothing but a positive sign. Already Obama is urging Congress to pass a very expensive stimulus bill; and as a result of the announcement of Geithner as Treasury Secretary and the Citibank bailout which Geithner orchestrated, the stock market is up dramatically again after last week's equally dramatic drops. That's the kind of leadership we need in our next president; and if his presidential campaign is any indication, we won't have to worry about the kind of gaffes that plagued Kennedy, Reagan, Bush Sr., Clinton, and Bush Jr., either.
Thu, 11/27/2008 - 8:08am
#2
Yeah it is a dangerous line to walk. Obama wants to make his recovery plan bigger so it will in theory have better results. It also has the potential to be a bigger failure.
Thu, 11/27/2008 - 12:04pm
#3
Obama does take a lot of risks. It's not unusual for him; and normally, that would make me very worried. But the situation calls for this kind of thing, and Obama has come out on top most of the time in the past. His decisions are always very well thought out and calculated, and the people he's working with are among the best in the world at this.
Fri, 11/28/2008 - 1:19am
#4
So, some developments.
In retrospect, a lot of focus has been on wall street, and not much on the poor. That's a problem, because malls and hotels will be the next companies to fall. That's because the economy is shrinking startlingly fast as a number of bad economic reports show. In response we get a new Fed lending program and a bill from Obama, both for hundreds of billions of dollars, but the money isn't going anywhere new as far as I can tell. Europe and China aren't doing any better. But to Obama's credit, he's created a civilian economic panel to get perspective from that end and finally promised to cut his budget.
why is spending so much money a good thing
its jsut spitting in the wind it will go nowhere and come back and hit us in the face