When I listen to the disappointment about Obama’s speech tonight there is a thread that fits with The New Capitalist Manifesto.
When I say Obama’s crisis is one of management, here’s what I mean.http://bit.ly/5muiCI
Poor Obama. He actually looks confused and scared at the end of the speech. Sad. His crisis is one of management.
What Obama’s proposing isn’t even a fraction of what’s necessary to reboot the American economy. "Within 25 years?" Visit China sometime.
Obama’s story: internetz, tech change, wrecked the american economy. 100% Wrong. Broken institutions did. Diagnosing the wrong disease.
The thread is that there is a fundamental disconnect between old world and new world. That thread equally applies to the old GOP and Obama.
The State of the Union is a magnificent occasion. Yet tonight was not just a yawn. It was not just a GOP vs Dem ‘who is right’ kind of thing. It was about the reality that behind the political bickering, no-one is willing to address the debt problem that America faces, and that implies all American banks.
