Many people are pleased with the election of Obama, but I have observed that most of the blindly hopeful are also blindly clueless as to the true nature of the various crises afflicting the United States. My question I suppose is whether it matters — can psychology alone cure these problems?
The answer is obviously no. You can’t hope credit card bills away. You can’t hope home prices up. You can’t hope energy prices down. You can try, and if you have lots of money you may even be able to manipulate the market in the short term, but those actions are transient. They are the bumps along the long term trend line, as some hopeful people give up and other depressed people begin to find value only to be trounced by reality.
It can be beneficial to sacrifice today in the hope you benefit tomorrow, but that’s not what Obama’s supporters are talking about. They want to return the country to a more prosperous time without suffering in the process. They want to benefit today and tomorrow and that’s just not realistic. The losses are real and Obama can’t make them go away. He may sooth your pain and make it more bearable with sweet words and the promise of a better future, but he won’t fix anything. The country will benefit from his inspiration only in that America will be more likely to remain in one piece, but these problems are beyond his capability and understanding. The President does not run the economy, he runs the government. The government can not run the economy, but it sure can ruin it. And my fear is that’s coming next.
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