esrosedotblog

ALREADY THE PRESIDENT

Look at this headline.

Obama reassures nervous nation on ailing economy

And it is working. We had four straight positive days in the market. And that is on a day where four new reports showed up negative. Unemployment, consumer spending, factory orders, and new-home sales all moving in the wrong direction.

Sure, there are some other things happening but there is a clear sign that Obama is having this effect on the psychology of the thing. Very important.

Bush has done very little. Lame and not very convincing. There is a great leadership vacuum and the Obamas are stepping in.

He has had three press conferences in three days to roll out his economics team.

Today he had the big guy. 81 year old Paul Volcker who has been at his side since the beginning. Or near it. Too old to serve in a full time capacity he will head an unprecedented review board of outsiders who will monitor the work of the Obama administration and make comments and recommendations.

"He pulls no punches," Obama said of Volcker. "He seems to be fairly opinionated." Everyone including Volcker laughed.

Obama also assured the country. "Help is on the way," [with a plan in place] "starting day one."

He also answered critics that he was signing up too many veterans of the Clinton years. A stupid criticism for which he said "The American people would be troubled if I selected a treasury secretary or a chairman of the National Economic Council at one of the most critical economic times in our history who had no experience in government whatsoever,"

"What we are going to do is combine experience with fresh thinking," he said. "But understand where the vision for change comes from. First and foremost, it comes from me. That's my job."

His job, indeed. Leading.

He is also a great teacher.

In these three pressers in as many days, he has been clear and concise about what the situation is and what he will be doing and why.

Clear and articulate and positive.

I am very pleased. Can I vote for him again?

Labels: Administration Obama