Friday, November 7, 2008

President Obama getting bad advice

President Obama is already heading off in the wrong direction.

This morning on a TV interview Barack Obama economic advisor Lawrence Summers said, There is no silver bullet to this economic meltdown we are experiencing. I beg to differ. With thinking like that the stagnation will expand and nothing will get done. We are out of patience with this type of thinking. We are Americans, we invent silver bullets, we innovate, we imagine, we invent solutions, we are entrepreneurs.

Mr. Summers and others like him should do our new President a service and be quiet. As in, if you have nothing to say of a positive nature then shut the hell up.

With taking advice from advisers like these then I'll predict President Obama will very soon be thought of as impotent and ignorant as President Bush.

Do you people really think that the banks, mortgage houses, Wall st., auto manufacturers, Congress and the Fed can or will fix this? You're Effing kidding us right? Bush did it wrong and you are starting to do it wrong.

The only thing that will fix this economy is for you President Obama to give us common people something to do, hope for and believe in, not wait for. In case you folks haven't noticed we don't believe in any of the things I have listed above. We distrust them. THEY are not in business to help us. THEY are only in business to help themselves. WE do not understand nor can we wait for months and months for MAYBE one of these cockamamie ideas to produce questionable results. We already tried that. We do not care about economic indicators, stock markets or any number of alphabetic indicators you use as proof that something is happening. We need something real and we need it now.

The message I hear from you guys is for us to borrow more money from some bank? REALLY? That's what you are working on? You want us to borrow more? REALLY? Isn't that what got us into this mess in the first place?

President Obama. If you choose to keep doing the same stuff that hasn't worked before and are expecting a different result your popularity will be seen going down the toilet during your inauguration speech and I doubt it will ever recover.

I know you may think I am being premature in my cynicism but if all you are coming up with for a rescue package is creating road gangs to pave our way out of this then in this case I suggest that my cynicism is warranted.

As an American that doesn't have an MBA in anything and didn't graduate from Harvard I still offer my help in the form of The Benefactor Project. You could restore hope and create hundreds of thousands of jobs in 60 seconds if you wanted to try something different, something audacious.

Tom Canavan

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