Tuesday, November 25, 2008

The first sign of Obama fail

I am very concerned with the number of Clinton-era officials that Obama is appointing. This troubles me because it was Clinton, not Bush, that championed overseas offshoring, giving tax breaks to companies that moved jobs out of the US. He also championed the so-called "free trade" agreements that pushed out fair trade and sovereign independance to developing nations. These free trade agreements made profit king and human rights took a back seat. Obama ran a campaign challenging these ideas, but is appointing people to his administration that sat in while all of this was being hashed out.
Another major problem that Clinton gave us is the beginning of what became the housing crisis. Clinton held on to this lofty idea that some how home ownership (as opposed to renting) instigated wealth. So the idea is that if I purchased a home instead of rented I would be more likely to accrue more wealth in the future. This is idea is completely unfounded in research and so there was never any really good reason to pursue this ideal aggressively. Clinton started it, Bush brought it to fruition. Do we really want Clinton-era politicians running our future economy and foreign economic policy?
I hope Obama brings in differing opinions that are able to guide is in a new more healthy direction.