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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Wednesday, January 21, 2009

Bring it on

Don't let the door hit you on the way out George.

President Barack Obama delivered that message -- in a far more elegant way -- in his inaugural address.

The words may not have reached the heights of the departing Marine One helicopter but the message was clear: our long national nightmare -- war, desecration of the Constitution and financial chaos -- is over.

Not tomorrow. The damage inflicted by the eight years of the Bush presidency is too deep to wipe away quickly.
"Today I say to you that the challenges we face are real. They are serious, and they are many. They will not be met easily or in a short span of time. But know this, America: They will be met."
Obama's decision to call out Bush while the former president was sitting there may be viewed by some GOP partisans as a continuation of the name calling that has immobilized Washington for nearly three decades.

I prefer to view it as a little "straight talk," telling truth to (former) power and offering as painful and honest assessment of where we are and where we need to go as I have heard from a politician.

No time to worry about bruised egos.

The damage is still highly visible around us. Wall Street reacts by plunging; a supposedly healthy local bank loses 59 percent of its value in one day; a store that is an icon for bargains shutters almost one-third of its locations while the mother ship's fate is tied up in a developer's hopes to raise capital.

Google to the ailing newspaper industry: sorry, we can't help.

While the world rejoiced too, the latest "peace" in the Mideast is tenuous and few can doubt that al Qaeda is hoping to offer the new president an unwelcome White Housewarming gift.

Obama offers a sober assessment of our current plight with enough reassuring words for the future to make the coming uphill slog a little more bearable.
“Now there are some who question the scale of our ambitions, who suggest that our system cannot tolerate too many big plans. Their memories are short, for they have forgotten what this country has already done, what free men and women can achieve when imagination is joined to common purpose and necessity to courage.”
Again, Obama's message was more elegant than the way his predecessor might have said it.

Bring it on.

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7 Comments:

Blogger Paul Levy said...

Elegant in its honesty.

January 21, 2009 5:47 AM  
Anonymous Anonymous said...

I dare say the 'supposedly healthy bank' that plunged in value, did so, because the probability that it, and other US banks being nationalized, increased with a Democrat and not because of something George Bush did or didn't do.

January 21, 2009 8:11 AM  
Blogger Outraged Liberal said...

Sorry anon, but this bank was already "nationalized" in the first wave of the Paulson bailout. And its problems stem for bad investments from the Bush era of non-regulation and mismanagement.

Nice try.

January 21, 2009 7:40 PM  
Anonymous Anonymous said...

If the common definition of nationalized means controlled then State Street Bank was most definitely not nationalized.

If you've ascribed a brand new definition to nationalized to fit your scenario, do share.

January 22, 2009 8:30 AM  
Blogger Outraged Liberal said...

"Nationalized" has beent he term in use in the press to describe the fact the government, using TARP, is purchasing preferred stock in banks.

That doesn't equal the same thing as Paulson or Geithner making the daily loan decisions. But it is the popular term I borrowed. If that doesn't meet the classic definition you are thinking of, I apologize to being guilty of following current usage.

January 23, 2009 5:22 AM  
Anonymous Anonymous said...

Apology accepted.

Now, if you can link to some mainstream media that has called use of the TARP funds, nationalization, then the loop's closed. Otherwise, as the common useage goes, you're talking out your ass.

A google search "tarp" "nationalization" to get you started.

January 23, 2009 8:32 AM  
Blogger Quriltai said...

Executive One. The loser doesn't get the moniker Marine One anymore.


I swear in twenty years back they'll talk with pride about how they survived the Bush Presidency

January 25, 2009 11:59 AM  

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