Let’s see. Barack Obama has been President for 50 days today. Only 50 days. During that time he has outlined a plan for economic recovery and gotten it passed, he has outlined plans to end the war in Iraq, and he has proposals to help some homeowners faced with foreclosures. He is studying what to do about Afganistan and Guantanamo. He has said we won’t torture, removed the ban on federal funds to groups who perform and/or counsel about abortion, removed prohibitions on stem cell reseach and etc., etc. At the one month point, I quoted Eugene Robinson who called this ” an administration on steroids”.
Politico writes of the first 50 days
It’s been a busy stretch. Obama revisited Bush-era policies on torture and the Guantanamo Bay prison, proposed to remake U.S. health care by year’s end, offered new rescue efforts for the housing and financial services sectors, expanded government stakes in Citigroup and American International Group, put forth a $3.7 trillion budget and announced his education policy Tuesday.
As president, Obama has signed a total of six bills. The most notable was the $787 billion stimulus legislation. He also signed a bill expanding children’s health insurance coverage and another making it easier to file suits alleging gender discrimination in the workplace. Another bill he signed was a so-called continuing resolution continuing temporary funding for federal agencies still awaiting a final appropriation for the current fiscal year. The two other measures were a bill to rename a post office in Illinois and legislation postponing the national conversion to digital television for about four months.
So why is everyone so negative? Paul Krugman is worried we haven’t done enough. Some Congressional Democrats are making noises about not wanting to spend any more. The Republicans are on a vote no kick and want to go back to Bush economics – tax cuts and more tax cuts. The left thinks he hasn’t done enough about about prosecuting W. and his pals and certainly isn’t withdrawing from Iraq fast enough. The right thinks he is overturning the entire universe.
I’m certainly not happy with everything that President Obama has done so far. I think the Tim Geithner appointment is a disaster and he also needs to lose Larry Summers. I do like Orszag and Christine Rohmer. I don’t think we are planning to withdraw fast enough from Iraq and I’m worried about Afganistan. I worry that some of the government programs are too complicated for local governments and non profits to administer. But I’m not negative yet.
Everyone seems to be whining about something without giving things a chance to work. If we want a large bank to fail – one, Leaman Brothers, already did and it didn’t help the economy much. We had lots of tax cuts under W. and it didn’t stop the economy from tanking. So let’s see what happens. In a few more weeks most of us will get a few bucks more in our paychecks. The Recovery funds will start hitting the street and projects will be underway in a month or so.
We can’t let pundit negativity make us lose sight of the fact that is has only been 50 days today. Give the guy a chance and don’t let negativity become a self-fulling prophecy. So take a deep breath, relax a bit and notice that the market went up today.