Striking Back on Economic Reform

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On Monday, Obama layed out his visions for managing the economy. His speech on government and regulatory reform came right when Congress considered bailing out of bad loans. Although he urged bipartisan support to help fix the crisis, he saw that this plan would need accountability. With this in mind, Obama stated that "no oversight and no accountability is exactly what got us in this mess in the first place."

Obama outlined proposals to help to prevent future financial crisis from reaching the bailout stage; proposals to help reform waste and abuse in the government. With this in mind, he has many ideas to work on the issues and focus on cutting government programs that do not work. He addressed many issues that need to be looked at and improved.

Many might not agree with his ideas, thinking that he is just playing it safe when emphasizing issues that are non-controversial. But if you look at it, he is talking about improving things that are in dire need of change and reform. Obama knows what the economy is facing and knows what needs to be done in order to bring that change about.