Wednesday, February 11, 2009

The Fix Is In

Brace yourself for a series of I-told-the-world-isms...

I was castigated in many places for showing bad faith and unsportsmanlike conduct for not allowing Obama his ceremonial victory lap. The implication from some was that I was ungracious. My sense of these folks is that many are fully-seduced Obama girls, easily duped, predisposed to pomp and permanently affixed to spectacle.

I said on TV we would know in his first month who we had as president due to the banking crisis falling on his doorstep. I maintained that the stakes to our nation were so huge they should trump our self-celebratory dance about electing a transformational African-American president. I said it remained to be seen whether indeed his 'transformationalism' had a substance component. I voted for Obama knowing 3 of his top 7 corporate contributors were Wall Street banks. I applauded America for electing an African-American as it represented true social progress, knowing that this time especially we needed a helluva lot more.

After allowing him the longest possible honeymoon that can be allowed in these precarious times, I've concluded, as the Financial Times appears to be edging towards in the link below, that Obama is a paper tiger. The Geithner plan fell well-short of seizing the moment. It's the only moment he --and we-- had. What will follow is social unrest by 2010. Obama was the last great hope offered up by this System. My concern all along was Systemic --how the required fixes really lie beyond the ken of this System. Railroad engineers can't build bridges. The train will first have to hurtle into the ravine.

1 comment:

Lion Poet said...

While I am wary of nearly anything government (they have proven themselves shady time and time again), I say forgot the whole first 100 days, forget the whole honeymoon period idea.

If it took a good, what, 7 years for the house market to rupture, if it took that long for those bad loans to constipate America, if not the world, then I can give Obama the run of his presidency to see if he does some good.

I mean, isn't expecting turn-around when he hasn't been in office a month a lil bit... crazy?