Jan 22
Obama will kick ass this year
I like Barack Obama - I think he was the right person at the right time to take charge of an America which is tired, economically in the doldrums and facing some major challenges. Personally I think he is about to lead America into a new world and down the line people will look back on him as one of America’s greatest ever presidents.
A lot of people have pointed to his problems in 2009 as a sign that he “failed” or didn’t live up to the hype that was created around him but let’s be honest. He inherited a country in the midst of an economic meltdown, record unemployment, a broken banking and healthcare systems and engaged in two high profile wars courtesy of policy implemented by his predecessors.
He didn’t have a leg to stand on from the moment he took the oath.
However as some of the trauma in 2009 has abated, Obama fired off his first salvo at the banking industry last night when he rocked the markets with structural changes to the industry which may change the course of investment banking globally.
Some of the worlds most powerful financial market players know he is not playing games anymore and that bodes well for the US and a world that is probably quite tired of manipulation by the bankers, the warmongerers and politicians with their hands in the cookie jar.
Yes its not going to change overnight but I think we’re at the start of something good.
January 23rd, 2010 at 2:20 am
Somehow I doubt it’s going to happen. I think Obama is too much for the average narrow minded American to deal with - Even though they voted for him.
January 24th, 2010 at 2:32 am
I doubt that he will do anymore than our President.
January 24th, 2010 at 3:33 pm
A lot depends on how you define success, but if he makes even the slightest dent in the free-wheeling approach to investment banking / AKA gambling with other peoples’ money then he’s done
a good job in my eyes.
I wouldn’t be surprised to see America turn inwards and begin focusing on things like innovation, agriculture and manufacturing - all those things which made them a global powerhouse - as they try and play catch-up to the Chinese, Indian and other emerging market economies again…