The CEO President

By request: The Economy!

I count myself very lucky.  I’ve got a good job that is incredibly secure, and I happen to live in my own little bubble.  The gas station next to my office building is typically at least twenty cents cheaper than gas anywhere else, and the place where I buy all my snackies and stuff is tax free.

But, the other day I kind of screwed up and forgot to gas up at the station next to where I work and had to fill up at the station by my house on my way to work.  Now, I drive a 2007 Jetta.  I got that car for two reasons.  The first is that I always wanted a Jetta.  I know, I’m weird, a lot of people want fancy cars and all I ever wanted was a Volkswagon sedan.  But I love my limited edition Jetta and you ain’t takin’ that away from me.

The other reason was gas.  Before the Jetta I drove a 1990 GMC Sierra with dual rear wheels.  At the time I would pay 40-50 dollars just to fill the tank which would only last me three days.  When I got the Jetta, the first time I filled her up put a huge smile on my face to see the final total squeak in at just under 30.

The other day my Jetta’s gas total ended up being what I used to have to pay to fill up my pickup.

The crunch is getting bad.  Salvage grocery stores (grocers who specifically sell out of date goods), are making good business right now as more and more people find that paying normal grocery prices is getting tougher.

Now, the economy is the area where I’m perhaps the weakest, and I know this.  But you know who was supposed to know about the economy?  Yes, President George W. Bush.  The man with the MBA.  Back in 2000 he was being billed as the CEO president.

Where’s President CEO?  Um… Well, let’s just say he’s delegating.  To the best of my knowledge his involvement includes a stimulus package, and making sure that people don’t call a recession a recession.  He’s even got those commie Bush-haters at NPR calling it an “economic slow down.”

Brilliant.  So much for President CEO managing an economic crisis.

As for his would be successor, I’m not particularly encouraged either.  John McCain potentially had started a pattern with his stance on Iraq.  We’ll call it the, “It worked so well for Bush,” pattern.

Note the irony.

And it continues straight up to the economy.  As I’m sure most economists will tell you, economies have an ebb and flow to them, and you can’t ever really stop that, but what you can do is put into place a system, or a structure, that allows the economy to operate, that minimizes or at least corrects for the ebbs and flows, and provides a system that is ultimately fair and beneficial for all.  This is the kind of package that Obama laid the groundwork for in a recent economics speech that he delivered in New York, and while it is skimpy on the details, it is a speech and not a policy paper, and an excellent outline for a solid economic approach.

McCain?  Oh, he prays to the same economic gods that Bush does; cut taxes, cut taxes, cut taxes, deregulate.

Unfortunately, that just doesn’t go far enough.

Meanwhile, I would kinda like my current president to stop playing footsie with NATO, and, you know, DEAL WITH THIS ECONOMY!!!!


…scratch that.  Knowing him, we’d probably be better off with him nowhere near the economy.

3 Responses to “The CEO President”

  1. xranger says:

    As I see it, the national race will be a classic Keynsian vs. Supply Side choice. Obama is the Keynisan, espousing the liberal theme of government involvement in business, while McCain will keep the conservative status quo of lesser involvement.

    History is a good gauge as to which is better. I do know that the US economy, and stock market, have never had such explosive growth in our country’s history as has occured over the past 20+ years, when Reagan instituted supply side economics into the US economy.

  2. Dustin says:

    History is a good gauge as to which is better. I do know that the US economy, and stock market, have never had such explosive growth in our country’s history as has occurred over the past 20+ years, when Reagan instituted supply side economics into the US economy.

    All the explosive growth in the world doesn’t mean anything when it comes at the expense of the American people. The purchasing power of the average American worker hasn’t appreciably risen since the 70’s and has in many ways decreased so touting productivity as a measure of economic health is a fools game that only benefits corporations and the moneyed investor class.

    We work harder for less purchasing power, have a harder time paying for the essentials, and in many instances end up unable to afford even the basics of school, medical or housing.

    Yeah, I’d say Regan’s been a boom…

  3. xranger says:

    Well, I don’t know if you’re old enough to remenber the ’70’s and what the consumer could or could not purchase. Before the airlines were deregulated , it was a rich man’s way to travel. Now, it’s the modern bus ride to anywhere in the world.

    A new car back then cost a greater portion of the income than today, and the product was much more inferior.

    Before reagan, double digit inflation was the norm. We have enjoyed minimal inflation for 20 years. that is the gauge on what your income gets you.

    School costs have dramatically outpaced inflation. Who’s fault is that? How can the government control private schools? Housing is affordable in most places. Where it is not, move. How can government keep housing prices down? Medical costs keep pace with Medicare increases. That’s government controlled. To say nothing of the ever-increasing liablity insurance doctors must pay. How would government help that? Certainly not by dis-allowing individuals to sue doctors.

    The standard of living by all Americans is higher than any society, ever. What you take for granted now as a common necessity was purchased for a king’s ransom in passed generetaions.

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