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

Letter to the Editor Chicago Tribune: Why I would endorse Obama

It’s been a long time I’m pondering on whether endorsing Obama or not. As a European citizen, German, living in Italy since 2000, I achieved a much larger view of problems inflicting not only European countries but also the United States. Progress in free market in based on competition, isn’t it? But political progress never got linked to the progression. In fact, politicians often ruled (and are still ruling) market success or failure.

Barak Obama is seen as a person not be able to sit on the US-President’s chair in the oval office. We know that he got launched from provincial or state politics to nation-wide and international issues when accepting to run for the white house. I’m not sure if he will fulfill all the expectations people have tagged on him. In addition he won’t be the “one-man” ruler to decide future American decisions. Congress, Senate and other institutions will advice, guide and guard him. He won’t never be in the position to initiate “ad personam”.

The key fact we have here is that Obama is “new”. And human nature (due to education or just by the way we live our existence) is always considered a threat to the “normal schedule” every one has to complete day by day (Society, Points of View, etc.).

If the US still believe to be the leader then a courageous decision must be taken. Europe and other Western-oriented countries still receive waves the “American-Way-Of-Live” is sending out. This opportunity might be the right way to guide the US back on it’s railway track to a more “American-Spirit” way, the spirit that spread democracy, equality and freedom to the Western world….

Missing this railway track could lead to a more hostile environment, not only for the US, but for all of us children of Democracy.
Source: Chicago Tribune Opinion


Andreas Ahlen
Email: mysay@inbox.ocm
Web: http://www.andyancona.com