What if Obama Appointed You Economic Policy Advisor of the Day?
One of the first reality television series was “Queen for a Day.” Three women appeared on stage, told a humiliating sob story or two about their lives, then waited for the audience to vote one of them “Queen” with their applause. The winner would receive a crown, roses, and some mostly lame prizes. When the show ended, the “Queen” surrendered her crown and returned to the sad life from which she briefly emerged. (Yes, I’m aware of my frequent use of nostalgic segways. Please bear with me. It’s good exercise for my aging memory.)
This, in no particular order, is some of the advice Mr. ToughMoneyLove would give President Obama if I were so fortunate as to win and be invited into the Oval Office for a day:
1. Stop using the phrase “working families” in speeches to distinguish between the haves and have-nots. Some families are poor because they won’t work. Conversely, many people become “rich” because they work hard. Our President should understand this.
2. Convince Barney Frank to get off the House Financial Services Committee. Frank had his chance to demonstrate his competence in 2007-2008. Instead, he became a guardian and cheerleader for Fannie Mae and Freddie Mac.
3. Ban the phrase “spread the wealth” from the White House vocabulary. We know you are going to be spreading our wealth to others. Some of us just don’t want to be reminded of it constantly.
4. You’ve made it clear that you want to tax the wealthy. I won’t even try to talk you out of it. (You are a Democrat after all.) But please, when you are signing the “mother of all tax bills” that Charlie Rangel has been saving for you and his Democrat-controlled Congress, don’t stick out your tongue and taunt taxpayers with your pet phrase “yes we can.” That would really be rubbing it in.
5. There are millions of credit-addicted Americans who need an intervention to help them break the borrow and spend cycle. So, if you have an extra credit card or two, would you mind cutting them up on national television? Maybe you could throw in a rousing “yes you can” while doing so.
I’ve got lots of other advice for Obama but he will need to read this blog to get it. There’s only such much time in a day.
OK readers, what would you tell President Obama if you won “economic policy advisor of the day”?