Restoring confidence

Finally president Obama has realized that it is not in his best interest to bash the economy while preaching gloom and doom. It has been one of the most egregious uses of the presidential pulpit in decades. The president was willing to destroy billions of dollars in the capital markets in order to push a massive spending bill through congress. The president’s rhetoric was not the only thing that caused the market to drop so quickly this year but his tone likely aided in the 1800 pt drop. We have man in office who has had the goal to be the President. His entire career has been based on jockeying for position to get the inside track to become president. The groundbreaking and monumental event of having a black man as president was the agenda. The only thing that he forgot to do was to focus on what it would take to actual BE the president. It is clear by the first few months in office that our president had very little experience in economics and business. It is clear he also had little idea how the stock market worked and how quickly things would deteriorate when the banking system failed. He was more interested in reward those who voted for him and working on his speeches to give at the inaugural balls then he was about really getting to work on the economy. It is also clear that he either thought that bending the rules a little was ok or he misjudged how many people in politics were used to getting away with bending and breaking the rules with no accountability. His nominees for critical positions seemed to be trapped by their own closets full of skeletons and even the Teflon image of Obama couldn’t help them out. The back peddling done on ear mark reform and fiscal responsibility has been typical of most politicians. It is amazing how an election can change the minds of so many “strong willed” people who preach change. To be continued