Still In The Tank
I was listening to NPR yesterday and one of the "analysts" congratulated Obama for saying the economy is probably going to get worse before it gets better. She said this is the kind of honesty we need to hear.
Come now. First, it's not like it's a secret that the worst is ahead--that's what we're trying to avoid. Second, Obama's statement required no bravery. Quite the opposite. It's a classic CYA move. It's a way to blame others for future problems while lowering expectations for future solutions.
posted by LAGuy @ 12:28 AM
2 Comments:
LAGuy, I've got to say, I'm finding your economic opinions increasingly difficult to follow. First you suggested that McCain was correct about the fundamentals of the economy being strong, but the Obama-loving media narrative wouldn't let him stick with it. Then, the economy was going to fix itself, and Obama would undeservedly get all the credit just because he happened to be there at the time. Now it's obvious to you that the worst is yet to come, and Obama is playing CYA for saying so. I'm not claiming to understand the situation fully, but damn.
I'm honored that you're paying so much attention. Anyway, these statements are perfectly consistent. The fundamentals are strong in that we've still got a functioning economy where people do productive work. That underlies everything and without it, you can't do much. However, when McCain said this simple truth, it was like saying there's no trouble in the economy and I'm out of touch. Second, the economy will fix itself, it just may take some time. But I can almost guarantee as long as Obama doesn't do too much (we don't need another FDR), we'll get out of it, probably by the off year elections and if not then, certainly by 2012. Finally, I wasn't objecting to Obama saying CYA stuff--he does it all the time, like any politicians--my objection was someone in the media calling him brave for it.
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