Yesterday, the country celebrated the peaceful transition of power, from one president to another. Although I reside in the Washington Metropolitan Area, I chose not to attend the Inauguration of the 44th President, Barack Obama. This had nothing to do with the fact that I did not vote for him, and more to do with the crowds and the cold. I have found that as I get older, my tolerance for crowds decreases annually.
I did, however, watch the event on CNN, from the warmth and comfort of my own home. Despite my misgivings regarding President Obama, I could not help but feel pride and admiration at being a citizen of a country that celebrates this peaceful transition of power. I am very proud to live in a country than can elect a man President, regardless of his race (even though I fear many people voted for Obama simply because of his race).
Amid these feeling of patriotism, I am also troubled by the very real possibilities of failure facing this new administration. President Obama enters his first term with more than a 70% approval rating of his transition (although I find it amusing that a man has an approval rating without having actually done anything yet). With this widespread popularity, domestically and internationally, President Obama was an unprecedented opportunity with his first term. He faces very troubled times, but history always remembers those who thrive despite such tribulations.
If Obama can preside over a government that sees an end to the current recession, an effective transfer of authority and withdrawal of troops from current war zones, and lower the national debt significantly, he could be considered one of the greatest presidents in our nation’s history. Sadly, the practical realist inside of me does not see this happening anytime soon.
The market is a living organisms in its own right. Left to its own devices, it will find an equilibrium that benefits the majority of society. However, our government has a history of meddling with the market, trying to help those who do not help themselves. As such, our involvement may lead to an immediate result, but furthers market instability in the long run. If the Obama administration works to undo much of the deregulation that is demonized by the leftists and pseudo-Marxists, the market will be too constrained, unable to rectify itself.
The debate over the effectiveness of a truly free market still rages on amongst economists, so Obama has taken a middle of the road approach (which, on some levels, should be commended). In his Inauguration speech yesterday, Obama mentioned that the market has an unparalleled propensity to do good, so long as the government keeps a watchful eye. This kind of talk worries free market economists, who feat that a watchful eye will lead to overbearing actions on the part of a government that does not truly comprehend the forces that are at work in the market.
As for Iraq and Afghanistan, President Obama would like to see a true transfer of responsibility from U.S. forces to Iraqi control. I commend this distinction. The United States has shoveled billions into Iraq, and while there have been remarkable improvements since the surge last year, our rising national debt will not allow us to keep this kind of pace for much longer. If Obama is truly able to broker a deal that the Iraqi government fully supports, then I am in favor of such a withdrawal of U.S. troops. Those troops, it seems, will then be headed to Afghanistan, to secure the situation that has deteriorated over the last five years.
I am, again, in full support of bringing stability to the area, and hopefully locating and apprehending Osama bin Laden. If Obama’s planned surge in Afghanistan accomplishes these goals, then he will likely have my support for a second term. However, he needs to pull off both troop movements in a way that does not leave Iraqi forces in an unwinnable situation. We gave them their own government, it is our responsibility to make sure we leave them with the stability that is required to maintain the freedom our soldiers fought and died for.
Finally, the one concern that will ultimately affect all other aspects of government action, Obama and the 111th Congress must work on bring down the national debt. According to TreasuryDirect.com, the national debt, as of Monday, is roughly $10.6 trillion. This is simply unacceptable. Unfortunately, rather than tackle the problem right away, President Obama has warned the public that the government is going to operate under nearly $1 trillion deficits over the next couple of fiscal years. He claims this to be a necessary evil in order to bring the economy out of the current recession. Having already dismissed that as a falsehood in the above paragraph, I am forced to move on to the wasteful government spending.
President Obama has promised to study the current programs operating out of the many executive agencies, eliminating funding for those that are deemed ineffective. Rather than relying on the disputed Program Assessment Rating Tool (PART), that the Bush Administration championed, Obama is appointing a Chief Performance Officer (CPO) to assess the various government programs. The precise formula that the CPO will apply remains unclear, but I am less than enthusiastic about her chances at making any real headway in the matter, especially in light of all of the new spending that Congress is working to authorize under the economic stimulus package.
So, as I have pointed out, President Obama was an amazing opportunity to prove himself as the leader that at least 70% of the country believes him to be. I, for one, hope he lives up to the hype. Even though I did not vote for the man, he is my President, and I wish him nothing but success, as much for my sake as for his. The country is looking to him for answers and for relief, now we will see what he does with the faith the majority of the country has placed in him.