A personal blog by M.B. Mosaid, Ph.D.


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Cheapest talk of the week!

There is a guy. His favorite bar is called 'Sally's Legs'. The bar is closed, so he waits outside for it to open. He was waiting a long time and a cop got suspicious, came over to him, and asked, "What are you doing?" The guy replies, "I'm waiting for 'Sally's Legs' to open so I can get in.."
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Saturday, November 22, 2008

Pres. Obama's first job: putting the financial turmoil in order

We all know that Barack Obama is the newly elected president. Now, that the US has a new president does it mean that he can alleviate the financial turmoil of his country?

Obama’s first job out of college was in 1983 at the corporate consulting firm Business International Corp. located in Manhattan. He started as a researcher that turns quickly to the position of financial writer. He sometimes imagine himself as a “captain of industry, barking out orders, closing the deal,” when he caught his image in the shiny elevator doors.

Though, the inconvenient twists of history are about to force President Obama into becoming that man he saw in the elevator image. He developed earnest position papers on tax policy, health-care reform and clean energy.

After being elected President of the United States and realize that his imagination is turning into reality, Obama begin his job as President to help his country and its people. He pursues to open tax breaks for small businesses and create new jobs for the big companies. He is in the position to shape the future of a fragile housing industry and its related financial markets.

Many opportunities are in store for the American citizen if President Obama will do what he says on his platform. But critics say his Democratic Congress who push for card-check legislation will only lead to higher wages and a dangerous drag on job creation.

He convened a summit on the impending financial crisis that also included Robert Rubin, former Bush Treasury chief Paul O’Neill, J.P. Morgan Chase, CEO Jamie Dimon, Google CEO Eric Schmidt, and PepsiCo CEO Indra Nooyi, as well as top union leaders.

Most of the US Presidents are governors for the reason that they already experienced running a large, complex organization but in Obama’s case the only major organization he has ever run is his own campaign but it was an impressive enterprise.

Truly, Obama is breaking history and may he also do something new for the betterment of his country and the world as well.

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