@snood,
snood wrote:Okay, I have to agree in hindsight (and it’s a damn shame this thing is going on long enough for there to even BE a ‘hindsight’ already) that he could have used some of the same urgency with which he pounced on the banks to pounce on this problem – getting more skimmer ships from more countries faster to attack the scooping up of oil from the ocean surface, etc. But, is there anyone out there who honestly doubts that this man has not agonized over how to solve this problem from the first moment he became aware of it?
Well ... two points:
- Obama arguably didn't pounce on the banks with enough urgency. At the time, numerous economists suggested that the US government do what Sweden's did during its last banking crisis: buy the banks at their depressed market prices, clean up their balance sheets, wait until the panic blows over, and sell them back to the stock market---possibly with a profit. But that's not what Obama did. Instead, he enacted a lame compromise that socialized the losses of the banking crisis, but privatized the gains from the tax-funded fix.
Hence, in dealing with the oil crisis, Obama isn't braking with a pattern of "acting boldly and swiftly" (his words, not mine). He's continuing a pattern of acting indecisive and lukewarm.
- Leaders aren't judged by how much they agonize over a problem. They're judged by what they do about it.
snood wrote:Second, I want to rip someone’s face off every time I hear someone being hyper critical of Obama’s handling of the problems (and I know they don’t want to hear this) THAT HE WAS HANDED BY THE BUSH ADMINISTRATION.
That's a fair point. I agree the stimulus was good for the country as far as it went. But again, there has been valid criticism, and not just with hindsight, that it didn't do enough. Reputable economists like Paul Krugman and Brad deLong pointed that out as soon as Obama proposed the stimulus plan to Congress: The economy was suffering from a $2,000 billion spending shortfall, and that Obama wouldn't be able to plug it with his $800 billion program.
By the same token, observe Obama
not seek a 2011 stimulus program that's even in the $800-billion ball park, needlessly risking a double-dip recession.
I'm sorry it makes you sick to see Obama criticized. But there are things to criticize about him, and shutting up is not going to help correct them.