I am sure almost everyone in America, and for that the World has an opinion on how President Obama is doing in his first 100 days in office. Yes I do have an opinion as well but I am not sure that its as important as another question. What is the evaluation criteria? If it’s are we better off now then we were 102 days ago, then this leaves us to debate the question as its way to broad. I think anytime you inject almost $2 trillion ($2,000,000,000,000.00) into the economy (and that’s about $20 billion a day), we almost certainly will make some people a little better off now (or at least give them the impression) but what does this do to future generations when they have to pay for it? If the criteria is to stabilize the economy, what method do we use? Unemployment continues to rise but GDP seems to be stable.
The point I am trying to make is that in business, we all know the important of establishing performance criteria ahead of time in order to measure success. Without clear measures, this cannot be accomplished and is left to interpretation.
