Choices – Barack: could he have done better?
Recently it was Barack Obama’s 100th day in office. Certainly a milestone for him, and also for us. We all waited for him to be elected and then to see what kind of President he would be. The verdict? Well, various pundits have rated him and in most areas he was found to have performed well.
Could he have done better? Did he have any other choices? Of course, a lot depends on your political persuasion, but was it really necessary to spend all that money bailing out the banks and the motor industry or should they have been allowed to go to the wall?
Could that money have been better spent elsewhere on more humanitarian projects? After all, capitalism will survive, continue and recreate itself – even those toxic loans will be neutralised and the sub prime market will soon be a forgotten terminology of the past - but the third world in many cases hasn’t even got off the starting blocks. Shouldn’t some of the billions that have been spent propping up a massive failure induced by human greed have usefully helped the people of the developing world? How can they ever compete against markets artificially supported by billions of western government funds?
Certainly, he has been bold and decisive. Most people would say he had little choice as the situation was so dire, but is it a short term fix or a long term remedy?
Obviously its early days and the jury is still out but there is no doubt about it he is a high profile leader who wants to sort out the problems he inherited from George Bush – remember him? – in a determined and highly focussed way. It’s a huge job and hopefully he’s the right man in the right place at the right time. Hopefully his decisions will be the hinges of destiny and open the door to future prosperity and peace.
History will only tell, but if you had been Obama, would you have done the same or differently?