
Obama: How I Approach the Toughest Decisions
Our choices reflect and determine who we are.
One of the first things I discovered as President of the United States was that no decision that landed on my desk had an easy, tidy answer. The black-and-white questions never made it to me — somebody else on my staff would have already answered them. And while few decisions in life are as complex as the ones you face in the Oval Office, I did walk away from my eight years as president with some thoughts on how to approach tough questions.
In March of 2009, just a couple of months into my presidency, the economy was in freefall. Unemployment was up to 8.5 percent, on its way to ten percent. 800,000 Americans lost their jobs that month, families across the country were losing their homes, a tanking stock market was depleting their 401ks, and a difficult credit market was making it hard for small business owners to take out the loans they needed. To turn around any of this required stabilizing the financial system, and to do that, I had settled on what was the least bad of three lousy options — subjecting the 19 largest banks to “stress tests” to see whether they had the capital to survive an even worse economy.
Συνέχεια εδώ
Plus
Barack Obama takes on ‘woke’ call-out culture: ‘That’s not activism’