At the heart of the financial crisis and the global economic recession, there is one fundamental issue. In the last decade, society has pushed the limits of money making and stunted the process of wealth creation. The primary responsibility for this lies with the wall street executives, brokers and traders of money, real estate and power. The line between the so called mafia and the middle class society was getting blurred and the phenomena was gaining social acceptance.
President Obama is demonstrating to the world that he is a true Transformation Leader. At the very outset of his Presidential term, he is taking on the risks and challenges thrown at him by the high and mighty Power Brokers. He is demonstrating his ability to carry his convictions with courage by introducing healthcare reform and financial industry regulations. In the process, he is extending a helping hand to those common people who have been flattened by the very executives of wall street and the power and political brokers; who are and will resist his reform agenda.
Let it be known, the innovation in the financial services industry is not achieved by these executives and power brokers. In fact, it is made possible by the very working class enable and buy these instruments of innovation. Unfortunately, they are the ones who become the least common denominator when a scheme is a success and the highest common factor when the schemes are a success. The reforms to enable them create and contribute legitimately to societal growth is fundamental and important, even if it means a fiscal defiict to the Amercian exchequer for a couple of years. If the economists and media do not have the maturity to understand and propagate this cause, they must learn to shut up. Becuase, it is about time Real Transformation and Real Prosperity and Real Progress began manifesting. Not something that is manufactured in the minds of a twiseted intellectual few and advertised and publicised by the media.