Looking to the Past for Leadership-May not Help Us.
Bruce Nussbaum article in this weeks Business (Nussbaum on Design) starts of with “I don’t know who will win on November 4 but if Obama becomes the next US President, here’s some advice for picking a cabinet for the 21st century”. His point of view on this is on target, but I wondered why this advise would only be pertinent to an Obama presidency and have no value to a McCain presidency.
In watching the events of the last few months it becomes clear that the way we have been looking at the economy, circa 1970-80, is not at all relevant. This is not your “Father’s Stock Market”. Even Ben Stein did not see this coming. In some my earlier posts, I’ve marveled at the speed in which events occur and the pressure put on us to make fast and hopefully, accurate decisions. Like in sports the speed of the game has changed the game. As much as we would like to think the old timers, while good in their day, would not match up real well against our modern day athletes. So why would would think 1970-80 economics would stack up against today’s economic issues?