A CEO tells the president how to handle inherited problems
When you run for an office, lambasting its occupant for his fiscal failures, you know that should you succeed in replacing him, you’re going to have to clean up the messes he will have left behind. In the third presidential debate in October, then-candidate Barack Obama detailed the fiscal mess he would be inheriting should he win the presidential contest that fall:
When President Bush came into office, we had a budget surplus and the national debt was a little over $5 trillion. It has doubled over the last eight years.
And we are now looking at a deficit of well over half a trillion dollars.
With Obama’s deficits, that half a trillion sounds like chump change. The Democrat was aware of the problems and yet even two-and-one-half years into his term, he still bemoans the mess he inherited. By detailing this problem and promised “change,” Obama made clear that once elected, he would roll up his sleeves and fix the problems he was expecting to inherit.
In the recent debt debate, he didn’t offer his own plan to face the crisis head on. After the Senate unanimously rejected his budget (with a projected deficit thrice a half-trillion dollars), he has yet to put forward an alternative plan. That doesn’t sound like rolling up his sleeves to me.
On Saturday, Glenn Reynolds linked a video where a real leader told us how she faces inherited problems:
Note what she says at 1:47; she acknowledges the president inherited a mess, but points out that as a CEO of a company, she inherits a mess everyday. ”That is my job title, to fix problems, to get people to work together in harmony for one common goal.” Finally, she says the president needs to put together a plan asks the president, “Why can’t you put together a plan.”
In short, if you inherit problems, you put together a plan to fix them. Mr. President, what’s your plan?









