I feel bad for the next President with respect to our current economic prospective and his clout he has from most black folks for just being black. It seems as if many just take what he says without question. It is almost as if they see him equal to the savior, or even Jesus Christ.
I don't, see him for what he is – a regular old politician who just so happens to be president and black. From an economic perspective, I listened to his promisies and read what he wrote and I did not belive he would do what he said back then and even moreso today. Back then, we didn't have a bailout for Wall Street banks which all them dumb azz senators (including Obama) signed off on and passed under the auspices that it would "fix our economic woes" - a bailout that gave these financial institutions approximately 50% of the United States GDP, without any strings attached or requirements supposedly to "free up credit markets."
From his eloquent statements, I was under the opinion that Mr. Obama would not support the "reckless spending" that was reflective of the last 8 years – but his actions indicate otherwise. Obama talks about reigning in spending but his policies after reading are just as, if not even more reckless. Although I say this, I am inclined to give the President-Elect the benefit of the doubt. But things are drastic and not just from last January, but
I say this because I think that his desire to be seen as a moderate or centrist will reduce his ability to give us folks what we need for economic prosperity. The nation's unemployment rate got to 7.2 percent in December, and it appears as if things are only going to get worse.
I want Mr. Obama to be a success, and I want him to have the best interest of all folks, and especially those that have benefited most from the legacy of Martin Luther King Jr., but I doubt it for from his actions and his appointments, he cares more about folks inside of the beltway and the big spenders of Wall street and the Ivy leaguers than regular folks like us.