On The Road – arrieve – Saudi Arabia, part 2
2 hours ago
Wednesday, November 26, 2008
Shop and Be Optimistic!
Today, during Obama's third news briefing of the week, he encouraged the nation to remain optimistic about the economy. He pledges to have an economic plan ready by day one, although the details of this plan remain unknown. They will surely be formulated by Obama's economic advisors and other members of his cabinet, which appear to include NY Federal Reserve President Tim Geithner and Congressional Budget Office Director Peter Orszag. Geithner, along with a few others, were members of Clinton's cabinet. In response to criticism about his choices coming from the Clinton administration, he stressed the importance of recycling employees saying "...I don't want to....somehow suggest that because you served in the last Democratic administration, that you're somehow barred from serving again." As to how these leaders and advisors will deal with his promises for change he plans to use them in order to "combine experience with fresh thinking". These plans and developments for the future of legislation justified Obama's message to the nation in lieu of the upcoming shopping season. He told the nation in his briefing that "People should understand that help is on the way" and that "as they think about the Christmas season that is coming up, [he] hopes that everybody understands that we are going to be able to get through these difficult times". Whether or not these words have a legitimate backing or not, they are an encouraging thing to hear. And there is some evidence of recovery, as the Dow Jones industrials climbed 247 points, which is significant because it will be the first time since the spring that for four consecutive sessions the average rose. So amid all the numbers, Obama insists that "we've gone through recessions before, we've gone through difficult times before, that [his] administration intends to get this economy back on track". It does sound nice, at least.
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4 comments:
Since Obama has been elected president it is his job now to reassure the American people. Only time will tell if his economic plan is as optimistic as he was in his speech.
It's nice to see Obama stay optimistic about the economy. But when he says that he'll have an economic plan ready to go on day one, I hope people don't expect a complete 180 on the economy as soon as he implements it. From what I gathered from the Barbara Walters Interview (please get her away from TV) Obama knows, as I think it should be, that an economic recovery won't be fast and should be slow. By enabling governmental aide and regulations slowly, Obama will not only be able to take necessary precautions to chaotic plans that spend money stupidly (700 Billion Dollars) but also avoid extreme criticisms from laissez-faire capitalists who get angry over governmental intrusion when it comes full force too fast.
I'm glad Obama is optimistic about the economy. With the economy failing on us and the holidays approaching, we need some spirit to keep our hopes up.
Hahaha good idea Sterling, black friday is a day of spending. a day for the consumers to take part in economic recovery, not the government. Obama has put himself in a serious whole here. the economy has taken a dive, it should, we live in a capitalist country. it is unrealistic to think that greed isnt going to sneek its way into the system and people will all be fair and nice without any running any risk in order to keep the ecomomy running smoothly. no, there are loop holes in any capitalist economy and those who exploit them should go under, not be bailed out by the government. they made a bad move and should pay for it, while those who forsaw a possible failure succeed.
unfortunately for Obama, he has promised "change we can believe in" and and ecomic plan that wont work. the federal government's idea of improving the economy is the federal reserve and spending more money. capitalism doesnt work like that, i hate to brake it to you. regulating Darwinism leads to a disfunctional society and regulating the economy ads difunction to an already receeding economy.
Obama can stay optomistic all he wants but the government is only an answer to economic recession in a socialist country. its up to buisness, banks, the stock market, and the consumers to bring economic change, not some optimism by the president. who by the way, only signs the budget after it is passed in congress.
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