Recovery Should Be Obama’s Bait

No doubt President Obama’s first days in office have been stressful. From faulty nominations to uncooperative deals, some say it's politics as usual. The media is busy dissecting all of this, highlighting, with some merit, his inexperience in back-channel negotiation tactics. But the truth is more profound. The economy and our livelihoods are in crisis and I think it’s time for Obama to put aside his gaily efforts to be bipartisan and focus on selling his recovery bill to the American people, which finally he will do this week, with or without the Republicans on board. Ultimately we, the taxpayers, will decide in favor of it.

Republicans have been doing a great job of making this American Recovery and Reinvestment Act (stimulus bill) sound like a wasteful spending spree. For Republicans, tax cuts should be the number one ingredient in the pot. Really? And what would John Doe do with a $1,200 tax cut? Go to Disneyland? Buy a flat screen TV set? If the average John Doe is like most of us, scared and reticent, he will cautiously put that money away or use it to pay up debt. This reasoning is what Republicans don’t understand. They want to jolt the economy back to life, to the unprecedented levels of profits and growth of the past 25 years so that corporate America can go back to their old ways of doing business.

Fortunately, Obama and his team can see through the smokescreen even if some of the details don’t yet add up. He has been saying it during the campaign. America needs to fundamentally change gears when it comes to spending, profiteering, and saving if we are to learn from the deepening mess we find ourselves in. He understands exactly how we got here: on credit and by lascivious risk-taking. Wall Street got greedier and rejected conservative and sound investment policies. Their complex schemes got the better of them and they developed glaucoma in their investment decisions. When the pressure set in and the losses started to compound, whose door did they knock on? You know the answer.

I understand the argument of some, that if we grow the size of government, things will get out of hand. It is true, overseeing the debt and spending of government takes a lot of work. It requires agencies working together in efficient, transparent and harmonious ways. However, if we are to avoid the past failed attempts at recession rescue plans, like Japan’s, we need a more comprehensive approach to spending. And this bill is offering exactly that. There is plenty of smart spending, which builds upon the realization that job recreation and long-term growth can come from government taking the initiative. How? By spending on infrastructure, education, research, science and technology, energy production, reforming our tax code, our trade agreements, specially investment regulations so that corporate and government financial transactions appear, at least, transparent.

If we fail to act now in defense of our expensive healthcare system, our crippled infrastructure, our burdened education system, our costly energy system and our unregulated financial system, it will be too late and expensive in the future, and we will have no incentives. For example, our green revolution is waiting to take off, if government is willing to be the co-pilot. This recession will be not be a short one, its lingering effects will continue to sip in even as recovery efforts make their presence in urban, rural, and suburban areas across America. There is no doubt in my mind that this is the greatest human challenge Americans face, one which will claim more victims than 9/11, the Iraq and Afghanistan wars, and Hurricane Katrina combined.