Don’t hope that much he’ll be the “All-Fixer”

As I wrote to be afraid of in my article “Bail-Out or Pump-Out” got real with bonus payments to AIG managers. And I also mentioned in the past that the Obama administration can’t be seen as the “all-things healer”. Obama needs to reassess a big part of the global economy. And many choices won’t pass easily or at congress or at public surveys. Even his own party is blaming the 1st black President of the US (it smells like revenge to his “against-the-lobby” speech he addressed 2 or 3 weeks ago?) making it not easier for the oval office man to continue on his way to save the country from a recession. “Change!” was his keyword and change will come. But even a holy saint with many superpowers could not fix all the mess of 30-40 years of over liberalized rules in the financial sector that ruined also real economy sectors when the bubble of toxic assets exploded. But media and Republican forces (assisted by some Dem’s as well) now fire against Obama because of the bonus payments he didn’t stop. Why did Rep’s and Dem’s in the past never ruled the markets to impose more tranparency and supervision? Maybe they were directly involved to gain profit? 😉  I think the bonus payment is due to 2 reasons: 1) Obama didn’t take an eyeball on these contracts and their due time as needed; 2) Geithner wasn’t able to check and correct the issue in time. Now folks, opposition forces and media now have new more strings on their bow. People need a sinner to sentence, Rep’s need to inflict damage to Obama’s administration as much as possible and media was and is always the middle-passthrough to mix-up the “real” information people need (no more serious journalism to tell the things they really are = more quantity and sensationalism than quality?). I do not defend Obama when he is making wrong and the AIG bonus payment was “partially” his own failure (or his staff’s), but as I told you at the beginning, humans are no saints and no one can be the “All-fixer” and recover a whole economy like the US is; doing fast, reliable, without mistakes and without deceiving anyone. Tell me one person who would be able to do that… and I’ll give ’em the job!

Andreas Ahlen
mysay@inbox.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: