Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com, Distinguished Visiting Fellow at the Institute of Advanced Studies in the Humanities, University of Edinburgh, Scotland, and Founder and former CEO, JPIndusries, Inc., a Fortune 500 industrial corporation
President Obama is going into history as the first African American elected to the presidency of USA. However, he might also go into history as a one term president because of the economy travails, and lack of leadership to bring the country together as he so eloquently stated of his belief of this country in his 2004 DNC keynote speech. Instead he has, in my opinion, become a polarizing force in the political spectrum of the country. He has missed the opportunity to be a Statesman. He has remained a traditional politician when the country needed a leader to unify the people and bring us out of a collapsing economy and two wars.
He has developed an atmosphere of uncertainty with his approach of decision making. Even the most important legislation of his administration to date, Health Care Law, he delegated the initiative to former Speaker Pelosi until it looked doubtful it will pass. He then got involved in what many called “Chicago politics” to pass the bill.
The voters in 2008 were “hungry” for a change. They did not demand of the candidates to spell out the change they promised. Here we are four years later and we continue to deal with old style politics.
Pres. Obama seems unable to get a firm grip on the tough issue-the economy. His ideological bent for ever bigger government has blocked his thinking on how this country’s economy has grown and how jobs are created in the private sector. When the 25 million people who are unemployed or cannot find full time work will they find a full time job? Does our president understand what is going on? Blaming others here or overseas does not really define the problem and therefore improvement of the economic situation is not anywhere near!
Technology is eliminating jobs
Tellers, phone operators, stock-brokers, stock-traders: These jobs are nearly extinct. Since 2007, the New York Stock Exchange has eliminated 1,000 jobs. And when was the last time you spoke to a travel agent? Nearly all of them have been displaced by technology and the Web. Librarians can’t find 36,000 results in 0.14 seconds, as Google can.
Doctors are under fire as well, from computer imaging that looks inside of us and from Computer Aided Diagnosis, which looks for patterns in X-rays to identify breast cancer and other diseases more cheaply and effectively than radiologists do. Other than barbers, no jobs are safe.
But be warned the USA economy is incredibly dynamic, and there is no quick fix for job creation when so much technology-driven job destruction is taking place. Fortunately, history shows that labor-saving machines haven’t decreased overall employment even when they have made certain jobs obsolete. Ultimately the economic growth created by new jobs always overwhelms the drag from jobs destroyed—if policy makers let it happen.
The inexperienced officials around the President have managed the crisis as an exercise in political maneuvering to position the President for the election in November.
Some believed that President Obama’s personality and intelligence alone would be enough to convince and appease the voters. Some claim that the administration has won society’s silent consent. However, the government’s problem is not so much the frustration or the reactions from the various sections of our society but the uncertainty that is now eroding our confidence in investing in our economy. It appears we are moving an ever bigger government and more of a well-fare state
The Obama administration seems ineffective, but that should hardly come as a surprise since President Obama had no prior executive experience of any kind! He has lost touch with a great part of the society and he looks more and more as a spent political force. But in politics surprises are the norm!
This brilliant person with extensive academic education – a graduate of Harvard Law School and editor of the School’s Law Review – and an unusually powerful speaker has shrunk and turned into an ordinary politician.
The fact is that Obama inherited a deep financial crisis; the worse since the Great Depression. However, it is also a fact that instead of focusing his attention on handling the crisis – and primarily focusing to create an environment for entrepreneurial investments in the private sector of our economy–forming new jobs – he lost valuable time and wasted many political resources on his health care reform bill, and trying to convince us all that the previous administration continues to be at fault. Well if the previous administration had done a better job most likely senator McCain would have been elected. President Obama was elected because he promised to change things for the better people believed and trusted him to do so. He has not succeeded yet.
For me, the most essential of Obama’s problems is that after almost four years as president, there are still few people who know what he is thinking, what he represents, and what he believes. Polls show that most Americans like him and trust him. But they don’t think that he is capable of fixing the economy.
The keys to this election are the economic issues, and primarily the unemployment figures, but also personal likeability is turning out to be a factor.