Search
 

The Lack of Leadership in Washington, DC

The total lack of leadership by Obama has led to worse crisis than we should be having and no solutions.

By Joel Ross | Updated on March 14, 2011

The black swans keep coming and in bigger flocks. Egypt, Libya, and now Japan. In this world of instant communication and instant video feeds on all sorts of social media, there is no way anything gets hidden and the media exaggerate the crisis. The experts say the nuclear power plant problem is getting resolved properly, and will not create a major radiation problem even in the vicinity of the plant, yet some reporters are already talking about nuclear clouds coming to the US and the dangers that could bring. The amount of misinformation and exaggeration by the media is just fanning the flames set off by Senator Markey who claims a major crisis about anything to do with the environment or that might be good for business and the capital markets.

None of this is helpful to real estate values and the economy. Just when we were all getting to feel a lot better, Obama wallows in indecision and waits for the Arab League, the Russians on the UN Security Counsel and others to tell him if and when and how the US military should be deployed in Libya. Japan happens. The White House political machine encourages the unions to near riot in Wisconsin. The federal budget mess continues with almost no participation from the White House which is again letting Harry Reid, and Chuck Schumer rant and rave about how we can’t cut spending. The total lack of leadership by the president on all fronts is holding back the recovery and again making people cautious.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.