"It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt." -- JP Curran, 1790

Friday, January 9, 2009

Obamanomics, everything for everyone

With announcement of his stimulus plan, it is finally clear to the neophytes that Obama has great vision but lacks great conviction.

He has correctly realized the scale of the financial crisis but his diagnosis and solutions are all over the map. Like his campaign promises, he is a generalist, a populist, a I-want-everyone-to-love-me politician.

Obama's "stimulus plan" includes tax cuts, business credits, infrastructure investment, green technology, deficit spending, promises of a balanced budget, rainbows, unicorns, and peter piper. Even the Democrats with conviction of their own are pushing back on items in the stimulus plan that are in contradiction with their Principles (yes, they do exist).

The man who holds the record for "present" votes will not get by on vague, visionary, generic, or charming policies. The President of the United States is the highest executive position one can hold. He will be forced to make major decisions with imperfect information that will have fatal and enormous consequences on the spot, every minute of every day. If he doesn't understand that, he will learn the hard way.

Bye Bye ambiguity. Its time for Barack to grow his conviction.

Signing off...JCB

http://www.usnews.com/blogs/capital-commerce/2009/1/7/why-obama-will-own-the-recession.html Sphere: Related Content

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