As this week has progressed, I have become more and more doubtful about the Obama administration's abilities to help America out of the hole we have managed to dig for ourselves. Now make no mistake, the hole was there before they arrived (thank you George – you dumb ass), but that does not mean that our new leaders are any better suited than our previous leaders to get us out. In fact, many of the same people who were around when the banking and finance industries were cut loose from the regulatory leash are around now. Again. Trying to help. Supposedly.
Today came two more examples of why I doubt this crew's ability to get much done right. First, Obama was giving a speech at a Caterpillar plant and said that the stimulus bill is necessary because it will help companies like Caterpillar who have recently laid off workers, thus allowing them to re-hire some of those very people. Then the CEO of Caterpillar, himself an economic advisor to the president, steps forth and says: well, maybe not. He actually stated that they would MOST LIKELY be laying off MORE workers before any hiring could begin again. Oops.
And later today, Obama's pick for Secretary of Commerce, New Hampshire senator Judd Gregg decides to pull out because he just can't see himself working with the president. According to Gregg, there were just too many things that they had different views on and he did not feel comfortable taking the job. The Obama team spins this with a statement that Gregg came to them (not the other way around) and that he should have known what he was getting into. No mention of the possible manipulation of the vacant senate seat Gregg's departure would have created and the possibility that the democratic governor might have appointed a democrat to fill Gregg's (a republican) seat. Oh, and by the way, Obama's previous Commerce nominee? That would be Governor Bill Richardson who withdrew after it came to light that he was being investigated for contract issues in his state.
Whatever these folks are doing, they need to sit still and get their stuff together. Not only am I not thrilled about the way they are running the country, I am not sure I would let them run a cub scout meeting. And Congress is no better. The same tired and predictable partisan crap flowing out of everyone's mouths and yet so little substance coming out of anything they do (other than add exponentially to the national debt).
This country faces the collapse of the entire financial system – our banks are insolvent, personal wealth is dropping and the boomers are about to retire. We have not heard much yet about the insurance companies and their potential insolvency (coming soon to a company you have been sending checks to) and what kind of impact that will have on our system. I could go on, but you get the point.
I want everyone who has anything to do with government (all branches) to take a good hard look around. If this whole thing comes crashing down, we (the people who are losing homes and jobs as well as our wealth) are going to hold ALL of you accountable. We won't care which party you're with; we'll just care that you were not helping when you should have been. This is not a time for politics. It's a time to save our country. If you won't or can't then I suggest that you keep your eyes on the windows. When large groups of people carrying torches and pitchforks start marching toward your offices, it will be too late.