Present Day Jitters

I was watching TV last night and President Obama was speaking about some newsworthy item when I noticed a very significant thing…his hair is already turning gray. How many days has he been in office (I, can hear some,” Too long” out there) but he is turning gray at a rate that looks faster than a speeding bullet.
Then I read that he is losing sleep over the deficit, eh yeah, when did that start bothering him?
So I started thinking that this “president” thing might be a whole lot harder than he thought it was going to be. Maybe the words, “We’re going to spend our way out of this recession” is starting to sink in on him now that the deficit is ballooning and the dollar is in the dumper. What he didn’t anticipate was that Russia, China and India and the other emerging economies were going to dump the dollar and go another direction on the world currency market. Oops, probably should have thought that one through before he saddle us with $1,000.000.000 (that’s one trillion) in new debt that will be paid for by our children and grandchildren.
Our nation’s massive debt is not only an international problem but also a great internal problem. As our borrowing power falls we have several choices and none of them are good. Two of them are to print more money that will cause inflation or raise Treasury note interest and further weaken our economy. And quite frankly, China isn’t supporting our debt anymore and there are no other takers on the world scene either that can sustain the capital influx that we will need to just service the debt. The threat of “hyper-inflation” is beginning to rear its ugly head. I will go into that topic in another blog because it is its own topic.
I will admit that past administrations (and not just the previous one) have failed to heed the,”Don’t spend more than you take in” ideology. I can hear the Clintonites saying, “But we had a surplus and Bush spent it all.” Get over it, the economy of the Clinton era is what is tanking at this very moment. He was just lucky that it didn’t happen on his watch.
I am beginning to wonder if President Obama’s 144 days in the Senate and whatever field work he did before that canvassing or whatever he did are going to be sufficient experience to get us through this.
But I am getting a sneaky suspicion that all his answers that were rapid fire on the campaign trail are not as functional now that they need to be implemented.
Our domestic state is at a critical mass and with the social emotional state being at the edge of panic but contained at this time; I see perilous days ahead of us if our government cannot reign in the current economic fluctuations.
Candidate Obama spoke of change and hope and all the good words that we want to hear but now we need to hear the words that make us feel like he can do the job that he was elected for and I am not hearing anything that smacks of confidence but more of a trial and error mentality. All the confidence of the campaign trail has evaporated into a “give me some more time to fix this” mantra. Time is running out Mr. President and the American people need answers now.