Pep Rally

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So it’s been about two weeks now and are you still feeling all warm and fuzzy? That was the intent of the President’s State of the Union speech, long on passion, short on details.

(You probably took part in our GlobeSt Reader Poll last week asking your thoughts about the speech. Of the nearly 200 responses, 60% of you said Obama filled the ozone with more hot air. Only 40% said he set the tone for the coming months.)

I’m frankly not much of a political guy. Last few years, it seems, I’ve voted more against a particular candidate than for anyone I feel passionate about, trying to guess who’ll do the least damage, and it’s a horrible way to do things. But I give Obama credit for rallying the troops the way he did, although the warm and fuzzies of politicos sitting side by side will shortly give way to the old, bad, venomous rhetoric we’ve all grown to know and love and a return to no-business-as-usual.

But as everyone knows, there are always two crises in a recession . . . the crisis of reality and the crisis of confidence. Obama addressed the confidence issue at a perfect time--when the nation, and more to the point, real estate, is cautiously optimistic. With a little more spending, a little more creativity (I’m thinking of Hunt Power creating two infrastructure REITs), we could actually think our way out of this mess.

Whatever you do, don’t leave it all to the folks on the Hill. The creativity, the entrepreneurship, rests with us. Once the cat-fighting kicks in again—wait for it—so will the delays, and delaying this fragile recovery simply leaves us open longer to a blindside hit.

So, what do you think?