Who Wasn’t On Stage With Obama and Should Have Been?

Family from the 50's in front of their TV.Steve Clemons is right to question the optics of President-elect Obama’s first presser. It’s not that the folks on the stage don’t have experience and know-how, but they are of the past. And the guy that I voted for said that we were no longer going to be shackled to the past. The same way of doing things.

Many folks on the stage are the guys who thought the tweaking of monetary policy and the cooling of inflation were the answer to long-term prosperity. The same guys who supported a President who during the dot-com bubble said that economic cycles don’t apply anymore. Remember irrational exuberance?

Well, the housing bubble replaced the dot-com bubble. But a quick view shows a commonality. Both bubbles were based on paper and pushing paper around to create the illusion of wealth. Especially for the people holding the paper.

We need to look at our economy and remember that we need to make things of *VALUE.* That’s why I am so excited about Prez-elect Obama’s green energy initiative. Creating new forms of energy is a thing of value. That’s what will make a strong economy. And some new thinking.

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