Integral
Staff Emeritus
Science Advisor
Homework Helper
Gold Member
- 7,226
- 66
Astronuc said:An interesting interview from Freshair.
'Obama's Challenge': A Transformative Opportunity
http://www.npr.org/templates/story/story.php?storyId=96694999
Fresh Air from WHYY, November 6, 2008 · Journalist and economist Robert Kuttner has reported on elections for over three decades. His latest book, Obama's Challenge, looks at the many Herculean obstacles the president-elect faces — and what it will take to tackle them.
"If he is able to rise to the moment," Kuttner writes, "he could join the ranks of a small handful of previous presidents who have been truly transformative, succeeding in fundamentally changing our economy, society, and democracy for the better."
Kuttner's previous works include The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity, Making Work Pay: America after Welfare and The End of Laissez-Faire: National Purpose and the Global Economy after the Cold War.
He is co-editor and co-founder of The American Prospect.
Challenges facing Obama (according to Kuttner):
- A deepening recession caused by both a traumatized financial system and weakened consumer purchasing power.
- A banking system that will lose between $1 and $2 trillion of capital.
- The worst collapse in housing values since the Depression
- A simultaneous outbreak of worldwide inflation.
- Global constraints—a weak dollar and high foreign debt—on a recovery program reliant mainly on low interest rates (our key policy to date).
- Pre-recession budget deficits already at fairly high levels.
- Widening income insecurity and inequality.
- State and local governments that are short of revenues because tax receipts fall in a recession—at just the moment when demand for public services rises.
- An energy and environmental crisis that demands a dramatically different course.
- A health system that is becoming less reliable and more expensive.
And that list does not even mention the war.
Many of the people who voted for him now hold what could be nearly impossible expectations. I hope that they do not become disillusioned if he cannot solve all of the problems confronting the country at this time.
I voted for him based solely on his obvious intelligence and his name. His name alone is an olive branch to the rest of the world, especially the middle east. Unfortunately, a Olive branch may not be enough, we need the whole blooming tree.