This week, I returned to the United States after a six-month stint working on my projects in Phnom Pehn, Cambodia. The United States I returned to is quite different than the United States I left, such a short time ago.
Over the last several years many folks used 'debt' as 'income'. This is never a good idea. This all recently came home to roost. Smart money knew it would - and stayed-away. As did I.
What caught me flat-footed is the fact poor American lending practices created an International financial tsunami. I did not see that coming at all. But here it is.
Just in time, arrives President Obama. A man the world can love. The new face of the United States. A kinder and gentler United States.
The United States is in vulnerable economic times -- and brought the rest of the world along for the ride. Nobody likes it. Everybody agrees it needs to be fixed.
The Obama fix is socialism. Here we go down the Obama road. He has four-years.
In these uncertain times let's all keep in mind, it is the private sector that propels innovation far better than any government. Banking is now taking a well deserved spanking. But it takes two to Tango.
