William Katz: Urgent Agenda
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REPLIES TO THE CURRENT QUESTION
Our question last week was: After hearing Mr. Obama's inaugural address, how would you rate it, and why? Here are your answers. The name of a writer is included only if he or she actually placed a name at the end of the message. Otherwise, we assume the writer wished anonymity and "name withheld" is inserted.
Rating: B
Many have said the speech was cliché ridden and lacking in content. My biggest concern was the assertion that he will not pursue a specific agenda but will experiment with what works regardless of where the idea comes from. On first glance this sounds like a harmless non-ideological bromide. However, this is straight out of FDR. The lack of direction by FDR left businesses scratching their heads. If you know the rules (whether they are good or bad) you can plan your actions and move forward. But, you cannot do either if the rules can change willy-nilly depending on whatever criteria the politicians devine as "success". Many, including Amity Schlaes have made the point that this non-policy was a contributing factor in the continuance of the Great Depression. "Fasten your seatbelts. It's going to be a bumpy night!" |
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