Who is To Blame for the Recession?

While strategizing with a group of bankers in Tennessee, I heard one of the leaders say, “I think the Democrats in congress caused the banking crisis.” Another disagreed and said it was caused by the permissive loan policies of the Republican administration of the last decade. Then someone started naming politicians who carried blame for cronyism and political favors. When the discussion was over, everyone was in the same place they were before.

Quit pointing fingers at who is to blame. It doesn’t matter WHO is to blame or HOW we got here. If you are wanting to know who, you are already falling into a trap of being a victim. Victims always want to know: Who caused the change? Victors want to know : What can we do moving forward now that the changes have taken place? Change is inevitable and the recession just sped it up considerably. At some point, the “chickens were going to come home to roost,” as my grandfather would say and someone was going to have to pay for the loans and credit crisis so many economists had warned us about. You can’t say we weren’t warned.

For years I heard Dave Ramsey, Clark Howard and many others talk about getting too deep in debt and warning us that there would be a price to pay for the mounting credit problems. We all saw it coming. But knowing that doesn’t solve the problem.

“What are you going to do now that it has happened?” I asked the group of bankers. The room fell silent. It is easy to point fingers but at the end of the day, we are right back where we started from. Assessing blame won’t get us out of the mess we are in. The time is ripe for cool heads who know what to do to move forward and show the way to everyone else.

You need a reinventive attitude that rises above the finger-pointing and blame game. You need an attitude that says no matter what situation I find myself in, I will succeed and look for a better way to do things. I am in stiff competition every day of my life…with myself. I get up every day and ask, “What can I do better today than I did yesterday?” Other questions come to mind: ” Where am I not on the cutting edge? Where is there room for improvement? What am I doing with the resources, talents, skills and creativity that God has given me?”

How do you begin to have a reinventive attitude? I tell leaders to start looking at life as a challenge and every day as an opportunity to do better than yourself. If it means serving others better, then that is even better. If it means making the world a better place for your family, friends and community it is a worthy goal. You need to adopt a reinventive attitude that no matter what circumstances you find yourself in you will look for a way to overcome the problems and use the favorable times as encouragement to keep moving forward.

I encourage people to begin by making personal development a priority. Read books and blogs. Become a student and learn to ask questions. Be a listener, and tell less. Be a learner; not a know-it-all. Most know-it-alls don’t, in fact, know it all! In the reinvention process as with most successful pursuits in life you will learn that the highest performing people ask the most and best questions. This is true in sales, management, customer service and education. The best students make the best teachers. This process becomes much easier each time and allows you to stay in reinvention mode at all times.

Discover your Reinventive Attitude.

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2 Responses to “Who is To Blame for the Recession?”


  1. 1 Wendy Kinney April 23, 2010 at 7:51 pm

    Strong point Jim – it doesn’t matter who is to blame.
    It only matter what action I decide to take on my own behalf.

    W!


  1. 1 Tweets that mention Who is To Blame for the Recession? « The Reinvention Strategist -- Topsy.com Trackback on April 24, 2010 at 12:15 am

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