Former President Clinton suggested that it was time for Obama to exude a little more confidence about the economy; I disagree. For the first time in a long time, including Clinton, we have a President who's telling us the truth.
Americans have been treated as spoiled children, addicted to happy, clappy, sappy everything from politics to religion; maybe we are spoiled children.
But it's time for a reality check. A time to grow up.
Read this piece from the New York Times - click HERE.
That is true up to a point.
ReplyDeleteMuch of the economy is based on perceptions of the future, and not actual tangible fundamentals. So, if someone as important as the President or the FED Chariman says the economy is going to be gloomy for the foreseeable future ... then that is what will happen. People will invest or not invest based on these people's words.
It seems 4 weeks into Obama's presidency the talking heads have had enough reality. "where's the hope?" I hear them say. Are they kidding me? I worry our nation hasn't the stomach for a real diaglogue beyond one fiscal quarter. Last time we did this it was with Carter. Every president is a reaction to the last. And then came Reagan. Yeah, I'm worried.
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