Praising American presidents has not been quite my forte! However, I celebrated Obama’s Presidential victory wholeheartedly (read my editorial in The Sunday Indian, issue dated November 9, 2008) because I almost believed that he held a promise that American presidents in the past have rarely held! He really could have been the change the world was waiting for. Recession had shown its ugly face once more in the greedy capitalist world and Bush had left a near criminal legacy behind. There was no better a time for Obama to prove his worth. But forget bringing the world out of recession, Obama has not even been able to do anything to bring the USA out of recession! Of course, if we were to believe the Nobel Committee and its choice for the Nobel Prize in Economics this year, then there is nothing wrong with the capitalist system and nothing much to be done at all but match the existing unemployment with the existing jobs vacant in various companies! Ludicrous... just like their Peace Priz...
Dr. Arindam Chaudhuri
(An IIPM Think Tank Blog)