Obama and the future of capitalism.

I feel that Obama has been dealt a tough hand. One that he must make the most of!

Only time will tell whether or not he (and America) can succeed, but I already see positive change. The moronic policies of the worst administration in our history are being unraveled. The end of Git'mo is in sight, along with the travesties of justice it represented. The Iraq War and the stupidity with which we've approached it will (at the very least) be re-examined, if not ended altogether. Yes, it's very nice to have adults in charge again.

One issue, however, will much more difficult for Obama to tackle. It's the economy....stupid! The cause? Well, it's easy to pin the blame on the out of control government spending or lax regulation. Or, on the risk taking exceedingly irresponsible financial institutions. Or, on those in the general public who have lived (or perhaps still are living) far beyond their means. Regardless of where you decide to pin the blame, here we are. Standing on the edge of a cliff. Wondering how we let things get this bad.

In my opinion, it call comes down to one simple fact. Without a strong middle class, capitalism as a system fails. Period. Policies that attack the middle class or diminish the importance of them, then, are akin to shooting yourself (or the economy) in the foot. The policies of the last 20-30 years have attacked and exploited the middle class (to the benefit of very few) and we, as a whole, are paying the price for this stupidity. These policies need to be reversed if our democracy is to survive.

Here's to hoping that Obama can get this ball rolling in the right direction. He has to. We have to. Any other outcome is just too scary!