The first thing that really has to be understood, in order to have clarity of insight, is to determine whose in charge.
In the money management industry people sometime change from one manager to another. When they do their existing portfolios consist of stocks and bonds.
The new money management firm takes on responsibility for managing the client's portfolio; meaning they have responsibility of the clients assets from the day they receive the new client's portfolio.
It is close to impossible to be able to blame the prior portfolio management firm for performance under the new manager's aegis. The new manager is responsible for the performance from day one and can't blame poor performance on who managed the money before them.
This exact same concept is true about foreign policy. President Obama and his team have been responsible since they got elected. They made their choices, they could have made different ones.
The dominoes are falling in the Middle East and potentially in alot of other places around the world. As the Polish foreign minister just implied, relying on president Obama for protection is ludicrous.
Blaming George Bush or Cheney is politics and is the rhetoric of self interested and dangerous people. It was Obama's portfolio from the day he was elected.
In the money management industry people sometime change from one manager to another. When they do their existing portfolios consist of stocks and bonds.
The new money management firm takes on responsibility for managing the client's portfolio; meaning they have responsibility of the clients assets from the day they receive the new client's portfolio.
It is close to impossible to be able to blame the prior portfolio management firm for performance under the new manager's aegis. The new manager is responsible for the performance from day one and can't blame poor performance on who managed the money before them.
This exact same concept is true about foreign policy. President Obama and his team have been responsible since they got elected. They made their choices, they could have made different ones.
The dominoes are falling in the Middle East and potentially in alot of other places around the world. As the Polish foreign minister just implied, relying on president Obama for protection is ludicrous.
Blaming George Bush or Cheney is politics and is the rhetoric of self interested and dangerous people. It was Obama's portfolio from the day he was elected.
No comments:
Post a Comment