Can Obama save the world?
Wednesday, February 10, 2010
The main campaign slogan of President Barack Obama was, Change We Can Believe In. Given that slogan, we must ask a question: "Why did President Obama hire many of the same people who worked in the Clinton administration?" That doesn't seem like change. It seems like status quo.
One reason why President Bush Sr. and Bush Jr. said almost the same words, that a bailout would save the economy and never happen again, is because they're elected to protect the system --- not fix it. Could one reason why President Obama hired virtually the same financial team from the Clinton administration be because he is interested in protecting the same system --- a system to make the rich get even richer? Only time will tell.
The roots of the crisis
- Taxes
- Debt
- Inflation
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