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.President Barack Obama
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Good Morning Friends,
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Today is Thursday April 30, 2009
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Time to take stock? Well, that is what President Barack Obama did yesterday after the famous 100 days. And, what is the verdict? Well, the man is optimistic of course, as is his nature. That is his job as I am sure everyone is aware - to be optimistic. He is certainly sticking to the playbook as anyone can easily determine and so, the verdict is positive. And, it will always be positive. He thinks things will get better, but we just need more time.
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The president inherited quite a mess as everyone knows and he is doing quite a good job all things considered, in my opinion. My beefs surrounding the president are that he is continuing the war of aggression in the Middle East, expanding into Afghanistan and now Pakistan as well. I did not think he would do that as forcefully as he is doing, but I suspect that it is a pretty tough political battle for him to deny the existence of the Military Industrial Complex. The one thing you have to give the president credit for, however, is that he is a realist; he knows the score and that is why he is playing his cards the way he is. Let us just hope that after all is said and done that the American people wind up with something tangible, like maybe getting their economy and their jobs and their futures back - sometime in the future.
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Which brings me to the economy because things are always about the economy, or so it would seem. The economy and the bankers is the greatest challenge confronting the president I feel. It is these bankers ( this includes Ben Bernanke and Allan Greenspan of the Federal Reserve System of private bankers ), these Wall Street financiers who caused this financial mess for us. With their derivatives and their packaged products that became toxic world wide, the world is now suffering a Great Recession and a corresponding crash in the stock market. This means of course that Barack Obama has to step into yet another mess and supply billions for the bankers and their balance sheets. That is the power of the bankers, that the president must continue to play this game of bailout; he has no choice, either by simple pragmatics or by political power; the bankers are all powerful and the president knows that. This is the group that can cause great damage to an economy, politically and economically and that is why the president must cater this group even if he does not want to. We do not know what the real state of their balance sheets are, we can only play the game because there is no other game to play and that is the way the president has assessed the situation as well.
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And, so today we find in the economic news that stock markets are rising world wide and that the sentiment is possibly changing. One analyst says that this is the beginning of the bull market and that it is for real. Is he right? Who knows, but I think the people are looking for any kind of positive news now and this is the kind of news that will do just fine, even if it is not true. The people need this kind of news at this time and that news has been delivered.
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Thanks for reading and have a nice day.
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Picture of Barack Obama found here:
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