Quick fixes and a fiscal cliff

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webmaster | 11/15/12
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Remember when political pundits were raving about a “post-racial” America? That was right after the country had elected Barack Obama as the first non-white president. It was widely postulated that the prophesy of Martin Luther King had finally arrived and a glorious future was in the wind. The past was behind us, and a new sense of oneness had embraced the nation.

Moreover, many people believed the new chief executive would solve the many problems that he inherited within a relatively short period of time. On Nov. 5, 2009, I wrote the following in this column:

“The question on the minds of political experts, as well as the people in our supermarkets, is this: Can Obama get this nation back on course? I have an answer, but I guarantee that no one will like it, and many won’t agree with it. Yes, Obama can and will initiate processes that will restore our nation to a position of benevolent global leadership and domestic financial stability, but not during this presidency.”

I’m pretty sure that I was not alone in making this analysis. The problems were too many and too big. Coming into office in 2009 was not too different from being elected in 1932. By the time Franklin Delano Roosevelt took office in 1933, there were 13 million unemployed Americans, and hundreds of banks were closed. It was the greatest national crisis since the Civil War...

 

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