His policies seem doomed to fail, not because he is dumb, not because he is getting bad advice, but because he is trapped in compromise even when compromise is not an option.
We have been presented with opportunities to make fundamental change but Obama is not capable of seizing them.
1. The U.S. auto companies General Motors and Chrysler should be allowed to fail. Obama cannot bring himself to do that. He knows it is the best option but he chooses the path to half failure, lingering death, avoiding the inevitable.
2. He knows that the solution to national health care is a single payer system of universal coverage. He has stated that if we were starting from scratch that's what we should consider. However, he cannot bring himself to start from scratch.
3. We should nationalize companies that are too big and/or important to fail. Obama cannot do that. Then we should let them fail. Obama cannot do that either. Instead he chooses a half way, half hearted policy.
4. We need to infuse HUGE amounts of capital into the financial markets to jolt them back into normal operation. Instead we infuse large amounts but never enough to accomplish the goal, wasting all that money.
The political wisecrack is that a crisis is a terrible thing to waste. Obama is the most wasteful leader we have, because he knows better but he cannot act on his knowledge. Bush the younger and McCain are dummies who are locked into old thinking. Obama knows what to do but cannot do it. Who is more culpable?
No comments:
Post a Comment