Contributors

Thursday, November 19, 2015

Good Words

What I didn’t fully appreciate, and nobody can appreciate until they’re in the position, is how decentralized power is in this system. When you’re in the seat and you’re seeing the housing market collapse and you are seeing unemployment skyrocketing and you have a sense of what the right thing to do is, then you realize, "Okay, not only do I have to persuade my own party, not only do I have to prevent the other party from blocking what the right thing to do is, but now I can anticipate this lawsuit, this lobbying taking place, and this federal agency that technically is independent, so I can’t tell them what to do. 

I’ve got the Federal Reserve, and I’m hoping that they do the right thing—and by the way, since the economy now is global, I’ve got to make sure that the Europeans, the Asians, the Chinese, everybody is on board." A lot of the work is not just identifying the right policy but now constantly building these ever shifting coalitions to be able to actually implement and execute and get it done.

---Barack Obama, November 17, 2015

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