Brij’s One More Idea | Disappointed with Obama’s BIG SPEECH on economy

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Disappointed with Obama’s BIG SPEECH on economy

By Brij ⋅ March 27, 2008 ⋅

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I am still going to vote for him but this speech left me disappointed. He is way too smart to spend so much time on giving historical perspective as well as beating favorite horse (credit crisis) to death. The way things are moving, by the time he comes to Oval office, credit crisis will be out of headline. We will have a real danger of half-baked regulatory institution which will monitor financial institutions for "what they do and not who they are". They need to invade few more countries to make that monitoring really effective. Companies are complex and more global now. Existing regulatory and risk monitoring institutions are as old as Britannica encyclopedia.

If this speech was just to give assurance to American people then yeah nice try. There were several important themes which were missing from his speech:

How environmental policies will shape American economy in next 4 to 8 years?
How science and technology investment (with policy and tax incentives) will create competitive education system?
How America will lead in creating global trade and economic structure? Which will be win-win for all participating countries.

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