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Showing posts with label President Obama. Show all posts

Friday, December 19, 2008

Will President-elect Barack Obama Will Save The Day When Wisdom, Honesty, and Judiciousness No Longer Seem to Matter

By
Dr. Wilmer J. Leon III, Ph.D.

It has not taken long for the criticism, skepticism, and second guessing to begin. Barack Obama has not even been sworn in as the 44th President of the United States and his critics on the so-called progressive left are angry that his cabinet selections suggest a shift to the center or to the right. Meanwhile, critics on the right claim that his actions in response to disgraced Illinois Gov. Blagojevich are politically motivated.

There are few political realities that Obama’s detractors need to appreciate and respect. There is a difference between campaigning and governing. During the primaries both candidates, McCain and Obama played to their bases in order to win their parties nominations. In the general election both candidates had to move closer to the center than their bases preferred in order to have any chance of winning. Many would argue that McCain’s failure to move closer to the center, i.e. selecting Gov. Palin as his running mate to placate the conservative base, cost him dearly.

Now that Senator Obama is president-elect Obama, he has to focus on governing. He can’t effectively govern from the progressive left. America is not as liberal or progressive as the left would like nor as conservative as the right would claim. These political realities are compounded by the practical realities of the housing crisis, banking crisis, wars in Iraq and Afghanistan, auto company crisis, etc., etc., etc.

For the most part, president-elect Obama has chosen to fill his cabinet with competent administrators and not ideologues. He seems to be focused on real solutions not theory, conjecture, or philosophy. He is selecting individuals who understand how Washington works and will be able to help structure legislation, pass legislation, and implement effective policy. Obama decided to retain the services of Robert Gates as defense secretary in order to ensure continuity in defense strategy in these very perilous times. While this does not sit well with the progressive left, no one has greater first hand knowledge of the complex issues that face America today.

Granted, not all of the individuals selected have unblemished records. For example, Senator Clinton or “Billary” voted for the war and brings Bill with her. Much to the dismay of progressives, during the Clinton administration Congressman Rahm Emanuel helped to get NAFTA, the Crime Bill, and welfare reform passed. In private practice Eric Holder has represented some questionable corporate clients. In spite of these issues, if president-elect Obama is as strong willed as a president as he was a candidate, these appointees and others will be implementing his policies and not allowing the interests of others to control him.

During the primaries and general election, Barack Obama was criticized by Senator’s Clinton, Biden, McCain and pilloried in the media for not having the requisite experience to “answer the 3:00 AM call” or respond to a real crisis. Gov. Palin questioned his experience as a “community organizer” by saying, "I guess a small-town mayor is sort of like a ‘community organizer,’ except that you have actual responsibilities…" Now that he is selecting experienced and qualified people to serve in his cabinet, including some of his former detractors the criticism has changed from a lack of experience to whether he has abandoned the progressive left. Some progressives are even calling into question his commitment to their issues and his honesty.

As if the attacks from the left are not enough, the right has launched their attack as well. As a result of Illinois Gov. Blagojevich, a fellow Democrat, being charged with conspiring to sell president-elect Obama’s now-vacant Senate seat, political vultures are circling overhead trying to tie him to the scandal.

In spite of the fact that U.S. Attorney Patrick Fitzgerald has said prosecutors were making no allegations that Obama was aware of any scheming; Rep. Eric Cantor of Virginia is on record as saying, "The serious nature of the crimes listed by federal prosecutors raises questions about the interaction with Gov. Blagojevich, President-elect Obama and other high ranking officials who will be working for the future president,…" Why does this raise questions when no connection, direct or indirect has been made? Just as in a time of war, America is in such dire straights that now is not the time for partisan “gotcha” politics of past.

In spite of the fact that Blagojevich himself, is on record having said, "they're (the Obama team) not willing to give me anything except appreciation," Robert M. "Mike" Duncan, chairman of the Republican National Committee (RNC), states "President-elect Barack Obama's comments on the matter are insufficient at best." President-elect Obama has stated, "I had no contact with the governor or his office, and so I was not aware of what was happening" and the U.S. Attorney has made no allegations to the contrary. What else is Obama to say? The truth is its own defense.

Instead of contributing to the media feeding frenzy, president-elect Obama and his team are being measured, judicious, and practical in their approach to this issue. Obama said on Friday, December 12th that he would release the results of an internal investigation into what conversations his aides and advisers may have had with Blagojevich in a matter of days. "What I want to do is to gather all the facts about any staff contacts that may have taken place between the transition office and the governor's office," Obama said. Instead of allowing Obama time to determine the facts, Duncan levies criticism by saying, “Americans expect the highest degree of transparency from their elected leaders, rather than promises of openness on the campaign trail." As chairman of the RNC Duncan is the spokesperson of the party and speaks for every Republican who does not say otherwise.

According to the Wall Street Journal, “President-elect Barack Obama's transition team said it had completed an internal review of contacts with Illinois Gov. Rod Blagojevich -- but wouldn't release its findings until Christmas week, at the request of federal investigators.” In a written statement released by his office late Monday, U.S. Attorney Patrick Fitzgerald confirmed that he asked for the delay, saying he wanted more time to conduct interviews. Conservative journalist Britt Hume says, “It is curious that Obama has been so cautious about it. He is a cautious man, but you do wonder, don't you? Wonder about what? Even though the Obama team does not have to comply with the request, why would they not?

The one thing that president-elect Obama and his team can not do is get caught up in the conservatives questions or the media’s frenzy and start to put out statements that later prove to be inaccurate. They must remain disciplined and not allow the desire for short-term responses to cause long-term problems.

I am in no way trying to insinuate that president-elect Obama and/or his team are above reproach or should not be questioned. Democracy demands that our representatives be held accountable for what they say and what they do. For the progressive left to question cabinet appointments and claim that they’ve been abandoned or betrayed before the first executive order has been signed or the first piece of legislation proposed is premature, reactionary, and some what naïve.

For the conservative right to try and create a story where there is none is just republican politics as usual. This just demonstrates that they have not learned a lesson from the recent election; the American electorate is tired of their politics as usual.

It is important to understand that many of the causes of the countries problems are grounded in flawed ideology designed to consolidate power and wealth into the hands of a few while the majority in this country are left to suffer. The solutions to these problems will not be grounded in ideology; they will require vision, wisdom, honesty, judiciousness, collaboration, and cooperation. All of these are qualities that president-elect Obama has demonstrated through out his life and career. If they were good enough to get him elected president why can’t people be patient enough to see if they will also help him govern?

Ask not what a President Barack Obama will do for you; ask what you can do to help a President Barack Obama address the tremendous issues that this country is facing.

Dr. Wilmer Leon is the Producer/ Host of the nationally broadcast call-in talk radio program “On With Leon,” a regular guest on CNN’s Lou Dobb’s Tonight, and a Teaching Associate in the Department of Political Science at Howard University in Washington, D.C. Go to www.wilmerleon.com or email: wjl3us@yahoo.com.

© 2008 InfoWave Communications, LLC.

Monday, December 15, 2008

Black Professors Thoughts on President Bush And The "Attack of the Shoe"




Dr. Boyce Watkins
www.BoyceWatkins.com

While I am never one to laugh about someone attacking another human being, I could not help but notice this video showing a man making very accurate and high velocity pitches at the head of the President. But then again, I can understand the anger of directly enduring the arrogant imperialism that the Bush Administration has shown throughout the world.

Enjoy the video!

FYI: Caitlin Powell, a talented 5th grader in the YourBlackWorld family, has decided that she wants to take the bold step of being a role model to other young children. You can see Caitlin's Corner, the first of a series of webcasts that Caitlin is doing to positively impact the Black community. She is in advanced classes, loves to read and is already talking about what kind of college she wants to go to. She represents what our kids should be all about, and I hope you will support her by watching her video, making comments and having your children learn the lessons of educational empowerment.

BTW: To join our Black Money Advice list, please click here.

Take care!
Dr. Boyce Watkins
www.BoyceWatkins.com

ps.
If you want to know how I feel about the situation with Jesse Jackson Jr., my thoughts on the issue are below:

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by Dr. Boyce Watkins
www.BoyceWatkins.com

I was concerned to find out that Jesse Jackson Jr. has been asked to defend himself against allegations that he is involved in the scandal plaguing Illinois Governor Rod Blagojevich. I have spent alot of time with the Jackson family, as I've appeared on the show of Rev. Jesse Jackson Sr. more times this year than I can count. I have never met Jesse Jr., but I have a tremendous amount of respect for his father, as well as his sister Santita and his brother Jonathon, a fellow Finance guy. Jonathon and I spoke for hours about Economic and Financial empowerment in the Black community, and I was very impressed with what the brother had to say. Santita, whom I know better than the other "Jackson kids", has even given me advice on women, life and politics (this was especially relevant when I dealt with my university's backlash during the Bill O'Reilly situations a few months ago). I will always appreciate that.

At risk of not making everyone happy, here are my honest thoughts on the situation involving Jesse Jackson Jr, Barack Obama and Rod Blagojevich:

1) I am not sure who said what and who did what during this scandal, since I don't trust much of what any politician has to say. That goes for Rod, Jesse Jr., Barack and everyone else. Part of the reason I will never run for political office is because you are forced to lie and pander in order to get elected. That doesn't appeal to me. I have a strange habit of being honest, and as my mother used to say "Boyce, your mouth will either make you great or get you killed, I'm curious to see which one."

2) I do know one thing: Illinois politics is as corrupt as a crackhead on payday. Isn't the former governor of Illinois in prison also? The thing that worried me most about Barack Obama was that I am skeptical of any politician who rises to the top of Illinois politics. Like an athlete who dominates a sport riddled with steroids, you can't help but wonder if the winner is a little "juiced" himself. If Blagojevich is auctioning off a Senate seat and everyone knows that, it's not easy to accept the fact that the governor chose the winner because of his integrity and experience. While there was no clear winner of this Senate seat, anyone dealing directly with the governor is going to be under clear and logical suspicion.

3) I was incredibly disappointed by the way Jesse Jackson Jr. left his father hanging out to dry (politically speaking) during the Obama "I want to cut his nutts off" fiasco. Don't get me wrong, the words were highly inappropriate. Rev. Jesse Jackson Sr. called me the next day and I personally forgave him (after all, they weren't my testicles on the chopping block). I did, however, say that I was surprised that a long-time veteran of the media would make such a mistake and that it is disheartening that our most respected Black leaders still have to go to horrible places like Fox News to get their message out to the Black American public. But I was also saddened to see that his son, for the sake of political expediency, distanced himself as far as possible from his father. When your daddy is bleeding, you don't try to suck more blood out of his body.

I grew up in a world where a son remains loyal to his father, especially when he has done so much for him. So, I had a hard time understanding why Jesse Jackson Jr. would issue a statement detaching himself from his dad, all so he could continue enjoying the benefits of Obama-mania. Now that the "you-know-what" has hit the fan, I wonder how long it might be before Jesse Jr's new political friends start distancing themselves from HIM. No one loves you like family, and any reasonable man should think long and hard before attacking his own relatives in public. I say this as a man with several relatives I'd love to slap. But I have never considered issuing a press release to push the dagger a little deeper in a pre-existing wound of public humiliation.

The lesson I take away from all this is that if you are trying to swim with the pigs, you are going to get covered in slop. Whether Jesse Jackson Jr. is guilty or not, I don't consider him a bad person. The same thing goes for Barack Obama. But chasing the dream and intoxication of power, popularity and American validation can come at a price in this dirty and corrupt game called American politics (especially for Black men). As quick as you rose to the top, you can find yourself at the bottom, so perhaps it is important to remain grounded.

Keep hope alive Jesse Jr., you're going to need it.

Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of "What if George Bush were a Black Man?" He makes regular appearances in national media, including CNN, BET, ESPN and CBS Sports. For more information, please visit www.BoyceWatkins.com

Wednesday, November 26, 2008

Consumer Confidence Advice From Finance Expert Boyce Watkins


Dr. Boyce Watkins
www.Boycewatkins.com

If you wish to see a video explaining consumer confidence, which is one of the driving issues behind the recent moves in the stock market, please click here.

This has been an interesting week, with auto execs showing up on private jets to request a bailout from the government and the Dow moving to below 8,000 points for the first time in 5 years. I still hold to the fact that this is a great time to get into the stock market if one has never done so before, especially if you are under the age of 50. By the way - please visit our sponsor, GreatBlackSpeakers.com if you are interested in hiring a top notch African American speaker or seeking to become one.

Take care!
Boyce Watkins
http://www.blogger.com/www.boycewatkins.com
Click here to join our money advice list.

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If you listen carefully to the words of Treasury Secretary Henry “Hank” Paulson and Ben “Big Ben” Bernanke (chairman of the Federal Reserve) you might notice a trend in their language. The word “confidence” is used a lot when they speak. Many of their monetary proposals are not necessarily valuable for their financial power, but also for their psychological power.

Some of you may wonder what confidence has to do with anything. After all, if you’re broke, confidence doesn’t exactly put money in your pocket. If you’re 100 pounds overweight, confidence won’t help you win the Olympic 100 meter dash. When you are flying on a crashing plane, confidence doesn’t keep the plane from slamming into the ground. But confidence is important to an economy, and one of the most significant drivers of economic growth. In fact, over confidence has driven US economic growth for the past 10 years. Here are some reasons that confidence matters in the minds of Hank and Big Ben:

1) Confident consumers spend money

If you think you might lose your job next year, are you going to max out your credit cards? I certainly hope not. If you are worried about being able to make ends meet, are you going to buy that big screen TV? Not unless you want your wife to leave you. So, even if it doesn’t hold any truth, the mere forecast of a weak economy is enough to make many Americans hold off on consumer spending, one of the great driving forces of the American financial system.

2) Confident companies invest money and hire workers

Investments involve risk. Your hunch may work out, and it may not. If you don’t believe the economy is getting better, you are not going to consider taking that risk. No one plans to go to the beach if the weather man says that it’s going to rain. When economic rain is in the forecast, companies pull out their umbrellas and hold off on new projects. This reduces the number of jobs in the economy, because nearly every job created in America is the result of someone making an investment.

3) Confident Americans do not take their money out of banks

In case you didn’t know, your bank does not have your money. Your money is part of a large base of financial capital that is loaned out to individuals and consumers seeking to get a good return on their investment. So, without investing, your bank would have no interest in paying you any interest at all. So if, say, 30% of all customers of the same bank decide to get their money out at the same time, the bank would have serious financial problems. It is a lack of confidence that could cause customers to “run” on their bank and take out their money.

4) Confident investors keep their money in the stock market

The stock market is a place where fortunes are made and lost. Some part of that fortune is psychological, given that no asset can have a value which exceeds that which someone is willing to pay for it. When investors lose confidence, they take their money out of the stock market, and reductions in demand for stocks lead to massive paper losses in the market. Additionally, most Americans are “momentum traders”, meaning that when the market goes up, they tend to buy more, and when it goes down, they tend to sell. History shows that it is actually the opposite approach that tends to work best.

5) Confident banks make loans

Banks have to keep a certain portion of their funds on hand at all times to meet federal requirements. If they are fearful that their customers might come and demand their cash, they hold onto their capital to ensure that it is available. If they are afraid that their borrowing customers will not be able to repay loans due to a weak economy, they also hold back on issuing new loans. The truth is that when economic forecasts are grim, conservative bankers become even more fearful than the rest of us.

The bottom line of this article is that confidence matters. So, the next time you hear Ben Bernanke give a speech, you can be confident that he is going to use language that makes you feel more secure. Whether you choose to believe those words is up to you.

Dr. Boyce Watkins is a Finance Professor at Syracuse University. He does regular commentary in national media, including CNN, BET, ESPN and CBS. For more information, please visit http://www.blogger.com/www.boycewatkins.com. To join our money list, please click here.

Friday, November 7, 2008

Your Black World: Will He Stand Up For The Righteous Cause?

By: Tolu Olorunda

Staff Writer - YourBlackWorld.com

In light of Sen. Obama’s historic win on Tuesday night, certain perspectives must be taken into consideration in order to avoid being taken for a 4 year ride, which provides nothing, having promised NOTHING! In the long and winded 20-month battle for a seat at the table of presidency, Sen. Obama has often conducted himself with an unimpeachable level of dignity, grace and humility. Nevertheless, there have been times when the Good Senator has fallen short of those ranks. In fact, he has, throughout the course of his presidential bid, played the 90% hand that fed, clothed, nurtured and made him: The Black Community. Whilst many Black progressives seem quite comfortable with being snubbed – in exchange for a Black presidency – not every card-carrying member of the Black Community appreciates the Illinois Senator’s disposition on the issue of Race. They are fully aware of the tightrope which needs to be walked for a Black man to transport himself to the pedestal of history, but many see a tension between overt opportunism and the potential for a progressive Black president. In my humble judgment, there are ten issues of concern to the Black Community on which Sen. Obama has failed woefully in the course of his political career and this historic campaign:

  1. Hurricane Katrina: Shortly after the furious storms ripped asunder New Orleans, and Black folks waited hopelessly for 5 days without any governmental intervention, Barack Obama chose to deposit his two cents into the tense discourse surrounding the correlation between skin pigmentation and FEMA’s ineptitude. On September 5th 2005, Obama remarked: “There's been much attention in the press about the fact that those who were left behind in New Orleans were disproportionately poor and African American. I've said publicly that I do not subscribe to the notion that the painfully slow response of FEMA and the Department of Homeland Security was racially-based. The ineptitude was colorblind.” With 84% of Blacks endorsing the sentiment that the “painfully slow response” was, in fact, directly tied to discrimination, Sen. Obama, a Black man, appeared to have intentionally pitted himself against the Community which has steadfastly stood with him every step of the way.
  2. Ronald Reagan: He is perhaps the most hated figure in Black circles. Nowhere has his name been more circulated, in unflattering terms than within the Hip-Hop (young Black and Brown) Community. Yet, Obama’s admiration for the Conservative Icon seems too huge to contain: “I think Ronald Reagan changed the trajectory of America in a way that Richard Nixon did not and in a way that Bill Clinton did not. He put us on a fundamentally different path because the country was ready for it.” With such public affection for a man who reveled in the characterization of destitute Black Women as “Welfare Queens,” Obama’s assault on the same constituency seemed appropriate.
  3. Inequality: Having praised Ronald Reagan for eliminating “the excesses of the 1960s and 1970s” – otherwise known as the struggle for equality – it came as no surprise when Sen. Obama stood in the midst of Civil Rights leaders – who wouldn’t dare challenge him – and declared the Black Community to have come “90 percent of the way” to equality with whites. Obama’s statements do a fine job of spitting in the face of a 2004 Pew Hispanic study which displayed, in explicit terms, how “the wealth of Latino and Black households is less than one-tenth the wealth of White households even though Census data show their income is two-thirds again as high.”
  4. Black Fathers: On June 15th, earlier this year, Obama chose to spend his Father’s Day on the South Side of Chicago in the Apostolic Church of God. With a clear agenda at play, Obama took to the pulpit and rendered unilateral and generalized swipes against Black men for abandoning “their responsibilities, acting like boys instead of men.” Acclaimed Scholar and Obama supporter, Michael Eric Dyson, noted that Obama’s “rebuke” of “his own race” was a clearly “aimed at those whites still on the fence about whom to send to the White House.” Sen. Obama’s decision to use Black men as the sacrificial lamb for presidential victory is strikingly reminiscent of Clarence Thomas’s decision to pawn his financially-challenged sister as the stepping stone to greater success.
  5. Sean Bell: When a man’s body is desecrated by the bum rush of 50 bullets, it’s safe to say an injustice was wrought. Commenting on the exonerating verdict rendered in favor of the police officers, Obama described the execution-style murder of the soon-to-be bridegroom as a “possible case of excessive force.” Referring to any form of violence as “unacceptable and counterproductive,” Obama asked Black folks to “respect the verdict that came down,” because “the judge has made his ruling, and we're a nation of laws.” The Rev. Al Sharpton, clearly disappointed, was quick to accuse Obama of trying to “grandstand in front of white people.”
  6. Rev. Dr. Jeremiah Wright & TUCC: When Sen. Obama defended Rev. Wright’s right to free speech, many neo-liberals praised his unwillingness to throw his 20-year mentor under the bus. But when Rev. Wright hit the public airwaves to reclaim his dignity, Obama suddenly felt the urge to distance himself from his old uncle who says things I don't always agree with.” Obama’s condescension toward the widely-respected Black theologian and scholar blossomed into full-fledge status, following Rev. Wright’s press conference on April 28th. With his description of Wright’s remarks as “a bunch of rants that aren't grounded in truth,” Obama chastised Wright’s decision to focus so “much on the plight of the historically oppressed,” and lose “sight of what we have in common.” Following this logic, Black people, being historically oppressed, should not have that much faith in the possibility of an Obama presidency to “focus so much” on their abysmal plight.
  7. 40th Anniversary of Dr. King’s Legacy: Whilst Hillary and John McCain were in a rush to express manufactured admiration for Rev. Dr. Martin Luther King Jr., Obama, perhaps too big for Memphis, chose to speak 400 miles away in Indiana. Taking his 90% Black-voting bloc for granted, Obama would rather give a stump speech in Fort Wayne, Indiana, than pay homage to one of the greatest moral crusaders the world has ever produced. Upon hearing this, many Black wondered: “Who does he think he is?” Indeed, who does he think he is?
  8. Democratic Convention Speech: Having intentionally structured the last day of the DNC on the 45th anniversary of Dr. King’s historical speech at the Lincoln Memorial, it was highly disappointing for many Black scholars to see Obama relegate Dr. King’s legacy to simply, “a young preacher from Georgia.” Two renowned Black scholars, Dr. Julianne Malveaux (BC Editorial Board member) and Dr. Cornel West, expressed immediate disdain with Obama’s obsession with political expediency. Dr. Malveaux’s description of Obama’s speech as a whitewash of our history,” correlated with Dr. West’s opinion that Sen. Obama was attempting to both “ignore” and “run” from history and memory.
  9. Affirmative Action: In a discussion with Journalists of culture/color at the annual Unity Convention, Obama was asked about his present stance on Affirmative Action. Obama responded that the race-based system, under which it currently functions, is faulty and, under an Obama presidency, would undergo reform. Sen. Obama mentioned that he believes Universities and Colleges “should be able to take into account race, but they should also be able to take into account class, and hardship, and difficulty in making assessments about whether or not a young person is deserving of - of opportunity.” Such statements only promise more hardship for an already fractured and disenfranchised community.
  10. Iraq War: Through his hawkish rhetoric, Senator Obama has shifted his Iraq War stance as far to the right as the Democratic platform permits. Once an opponent of the War, Obama has skillfully reneged on his promise to end the War within 2 years of his presidency. His increasingly moderate views on the Iraq/Afghanistan/Iran/Pakistan Wars are definitely in constant conflict with 71% of the Black Community, which opposed the War from the start.

If Black folks are not vigilant enough, and choose to be sucked in by the aroma of “firstism,” Clarence Thomas v2.0 might as well be sitting in the White House on January 20th. Sen. Obama has displayed an unprecedented level of apathy in dealing with his own race. That’s not, however, to charge him irredeemable (Indeed, there have been moments when he has functioned in ways that insinuate a deep desire to do right). It simply suggests the amount of work cut out for Black progressives. For a man who hasn’t shown unseemly eagerness to put integrity before income, sincerity before success and verity before victory, an uncritical level of support of Obama is as much 4 more years as one can imagine.

Originally Appeared In Black Commentator