Listening to the President's speech, I kept asking myself what happened to the global economy. What happened to the globalization that has been such an important part of our economic growth in the past 20 years? What happened to American leadership? The President was inwardly focused at a time when that orientation most likely will not solve our economic problems.
The global economic crisis has wiped out 325,000 financial sector jobs worldwide. Greater confidence in the U.S banking system isn't going solve the bigger problem of global confidence. An investment in energy-saving infrastructure isn't going to help Caterpillar, a company whose sales come from mostly outside the United States. It's a global economic crisis.
'The nation that invented the automobile cannot walk away from it' was one of Obama's most powerful lines. The President went on to say that he is committed to a retooled, re-imagined auto industry that can compete and win. While this is excellent rhetoric, it fails to describe what the vision is for the U.S. place in a global economy.
The global economic crisis has wiped out 325,000 financial sector jobs worldwide. Greater confidence in the U.S banking system isn't going solve the bigger problem of global confidence. An investment in energy-saving infrastructure isn't going to help Caterpillar, a company whose sales come from mostly outside the United States. It's a global economic crisis.
'The nation that invented the automobile cannot walk away from it' was one of Obama's most powerful lines. The President went on to say that he is committed to a retooled, re-imagined auto industry that can compete and win. While this is excellent rhetoric, it fails to describe what the vision is for the U.S. place in a global economy.
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