Trust is the Key to Everything

Robert Reich has a nice piece on trust. This is especially true:

The truth is that no one has any idea how long this crisis will last or exactly how to reverse it. Anyone who says differently cannot be trusted. And because restoring trust is so central to mending the economy, our leaders must be extremely careful not to indulge right now in the audacity of hope.

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29 Responses to “Trust is the Key to Everything”


  1. 1 El Bouzkouri Youssef February 20, 2009 at 6:59 PM

    I agree that trust is so central to mending the economy.This morning bill Clinton said the same thing about trust. He said that Obama should not say that “it’s going to take a while before the economy gets better”. Clinton argued that Obama’s tone when talking about the economy might restore fear and does not give as much hope to Americans.Some Economists argue that the media should stop saying that the American economy is in a depression, but they rather call it a recession. because depression is too negative and restores fear in people’s hearts!

  2. 2 Gabriela Corona February 20, 2009 at 8:04 PM

    Trust and hope is what all Americans need to get through this. Everyday in the news they talk about the economy of the U.S. being in a horrific situation, which is getting worse everyday. This just makes people get scared. I believe that we should all trust this will get better, I don’t know when, nobody knows, but it will. I trust Obama is and will do a great job as the president of this country.

  3. 3 Rafael Barrera February 20, 2009 at 8:17 PM

    Recpectfully,

    I do not have as much trust in Obama as you gabrela. Trust is a very suspicious word to use when it comes to our economy and the 787 Billion dollar stimulus package that was just signed into law a few days ago. I wish I could trust our president and his staff to use the money efficiently, but I can’t. There was just to much pork in that bill to “trust” any body in washington right now. And the fact that none of our senators even read the bill is distasteful. Trust? thats a word I won’t be using with our president for a long time.

  4. 4 Jordon Lovett February 22, 2009 at 2:05 PM

    If our nations leaders are not willing to give its citizens hope, it will probably prolong the economic hardship we are already in. When politicians such as Obama and other leaders tell its citizens that we are doing bad in the economy and we are not doing better, it makes the people sit on their money even longer thus prolonging the decline in the economy. It Obama for instance, told the people that the market was to come back soon and we will not go into a depression, it would be more likely to stimulate the economy because people would not be as afraid to spend their money.

  5. 5 nirbhik trehan February 22, 2009 at 6:16 PM

    i feel its trust which bonds us.we all should at this terrifying situation hold hands and fight economic ressesion. i know its a tough time for our country and for us but its us who have to fight this situation and overcome it. so all we need is trust and some moral support.

  6. 6 Arnulfo Solorio February 22, 2009 at 7:04 PM

    Hi all, trust is a big word and hard to acepted. What choice do we have? I believe that we need to trust our president and hope that he will do the best for the country. I agree that he should be more positve when it comes talking about the economy. If he talks negatively the people get more worried. The inversionists do not invest thier money and everybody get panic. I also agree that the media should also be more positive and not talk negatively. I also think that if all of us act negative the economy will get worse. This has hapened before and we have gotten better, why should we not do it agai? Come on all let’s think positive and make a big wave of positive comments so more people follow us.

  7. 7 Kit t Kat February 22, 2009 at 8:54 PM

    Sometimes hope and positive thinking is whats needed most in trying times. The Bible approves of it and research shows optimism is a better approach than negative thinking. The artice is right, no human really knows the perfect way to fix the economy or how long it will take, but trusting in the Lord will diminish anxiety and ensure everything will work out well for those who love him.

  8. 8 wordtown February 22, 2009 at 10:28 PM

    We all need to trust in each other in order to move forward with our country and our lives. We don’t need people to lie to us and tell us what we want to hear, but instead show us by doing things to better our country. We as a country need to carry out what our goal is.

  9. 9 Annmarie Minite February 23, 2009 at 9:56 AM

    I think trust is a big word and shouldnt be used so loosely when talking about our current economic crisis. I believe it will take more than a new president to turn our economy around. I think a lot of people saw Obama as the winning ticket to a changing economy, and that just isn’t a realistic thought. One man can’t change our economy. I think its going to take a long time to see an improvement and I don’t agree/TRUST the choices he is making right now.

  10. 10 Molly Jordan February 23, 2009 at 2:59 PM

    I would agree that the word trust shouldn’t be used loosely when talking about our current economic crisis, but negativity isn’t going to get us anywhere. In addition I would argue that politics and trust are two words that typically do not have a direct correlation. It is not realistic to think that one person can change the economy by himself, but isn’t that why the president has advisors? I would agree with the previous statements about the negative effect that negative talk proceeds. Even if people do not agree with the stimulus package, they shouldn’t be so pessimistic about the economy. Has everyone forgotten about the business cycle? Even if you do not trust president Obama, you should trust that the economy will eventually correct and that the president is not the only decision maker involved in the economic reform.

  11. 11 Claudio Ramirez February 23, 2009 at 5:52 PM

    I would have to agree that trust at a time like this is a touchy subject. I believe that Washington should methodically revise the proposed stimulus package and see that its in the best interest of us, the taxpayers. It is also very important to be realistic about the current situation that were in and know that this isn’t going to be a short process and that the economic reform isn’t going to happen over night. I believe that to an extent that we should have full support and faith in our president for the simple fact that I doubt anyother incoming president in the history of this country has been put in the situation that Obama was put into. I guess time will tell.

  12. 12 Heidi11 February 23, 2009 at 6:46 PM

    I think this statement is a refreshingly honest one. While it is true that no one knows when this crisis will end, however, it is also critical to instill hope and optimism in the American people. People do not need time frames to feel more hopeful or secure; they just need to believe that their leader and his administration have the ability to fix this problem and that there is a light at the end of the tunnel, regardless of how long a tunnel it may be.

  13. 13 LK Economics February 23, 2009 at 7:47 PM

    That is all we can do know is trust that our economy will fall back into place. We need to have hope that a good solution comes into play. If we have no hope we are doomed. The economy has been bad before but we still survived maybe not like everyone wants but we did more forward.

  14. 14 Andrew Curry February 23, 2009 at 10:13 PM

    Trust is one of the key terms that the American foundation is built on. Trust is a major thing to give someone and it is something that should only but givin to few. I personally dont trust many people, and politicians and the government arent on my list. i agree wih Rafael. I had faith in Obama but i havent agreed with the choices he has made already. I dont trust his judgement so far. i think his head is in the wrong places

  15. 15 btorres February 24, 2009 at 1:56 PM

    I do not agree with the statement “trust is the key to everything”. I know that sometimes is very important to have hope, but not in this situation in which our economic is suffering a recession. This are getting worst and in we heard it in everyday news. We need to stat thinking how we can contribute to help the economic to get better. We need more than just trust

  16. 16 NVC Storm February 25, 2009 at 10:48 AM

    Trust is the key to everything! Having negative thoughts is the problem in its self. How do we expect for anything to get better when we don’t believe that it will? There has to be positive thoughts and actions for this whole situation to turn around. I believe Obama will make the right decisions in the long run and turn our economy back to its rightful place.

  17. 17 Samantha Arnold February 27, 2009 at 9:36 PM

    I think that we all have to have some trust in our president and the united states and the people who run it. I mean america is a great country and we have come a long with the proof of a African American president. We need to have trust in a time like this because we need to come together to try and make our economy stronger and better. Everything takes time if we trust that our important people in the government make the right decisions that things will start getting better

  18. 18 Edward Murray March 2, 2009 at 8:26 AM

    With all due respect to Dr. Reich who is a lot smarter than I am, nonsense!

    There is an absolutely obvious problem of trust now because no one can safely assume anything about the value of the assets of a financial institution.

    So the solution should be equally obvious: force the EXISTING financial institution shareholders and management to eat the losses they created and take the remaining assets and create new institutions unencumbered by the current institutions losses.

    We are treating all these problems as if they will go away if we just don’t talk about them openly.

    I suspect, but of course, have no way of knowing, that the only reason we don’t just pull the plug on the current crop of financial institutions is because the government is rightfully hesitant to force a lot of important foreign investors (read Chinese and various sovereign wealth funds) to incur major losses.

    The solution to that problem is clearly not to continue pretending there is no problem.

    We simply need to find some way to include these entities in any upside in the new institutions that are created.

    We are currently pouring good money after bad. At some point, that well is going to be dry and then we will have no choice except to do what we could do today.

  19. 19 Hannibal March 3, 2009 at 10:00 PM

    I think Obama is in the position of so much pressure and doing a good job of handling this thus far. While Clinton wants him to be more blunt, I don’t feel Obama is being fake about anything or giving false hopes. We all know the reality is that the economy is terrible right now and it’s going to take a while to get better. Everyone is hurting right now in one way or another. Whether it’s people whose pension plans are getting damaged to college students who can’t find jobs. I trust Obama will do what he can to help this country.

  20. 20 Nancy Moussa March 4, 2009 at 2:17 PM

    Trust is something that is hard to earn from me and many others. I think that our president will receive trust from the American people by making the right decisions, and not falling back on his words. I don’t think that right now Obama has a lot of peoples trust, due to some of the decessions he has made. But I understand that he is being challenged with one of the worlds toughest problems.

  21. 21 Houck24 March 15, 2009 at 4:20 PM

    I think that trust is defiantly essential to recovering from the economic situation that we are in. Companies such as AIG planning to give millions in bonuses to people high up in the company? Corporations using bail-out money in wrongful ways. I think that with the economic state that our country is in, we will see certain Corporations true colors and whether we can trust them or not as well as our own Government in the way that they use and spend our money.

  22. 22 Gilberto Vazquez March 18, 2009 at 11:35 PM

    We have had bad economic times before and we have always gotten out of it and thrived afterwards. We just need to believe that we can get out of this mess and trust that our leaders will push the right buttons which will make them heroes centuries from now.

  23. 23 quique March 19, 2009 at 10:51 PM

    I belive that this is very true. Having faith in our govt. is a big role in how laws get passed. for example lets take 911 and what happened when the govt put fear in us we were more than willing to give up some rights if it were going to protect us. so this is key because if someone say that our economy will fail they should not be trusted.

  24. 24 Andrew May 12, 2009 at 4:11 PM

    Having trust in one’s government shows a sign of faith and optimism. Trust, however, has to be earned. Track records of politicians and lobbyists are the track records we use to see if people vote the way they say they will. Having trust in a government is probably the fastest way to recovery. But we have to trust in the right people who have shown they have experience and know what they are doing.

  25. 25 Gabriel Mayora May 13, 2009 at 1:59 PM

    After reading Robert Reich’s piece on trust, I would have to say that one problem society has in this economic turmoil is lack of trust. Lack of Trust in our government and in the market. The market has always been known to turn around.Even if people do not agree with the stimulus package, they shouldn’t be so pessimistic about the economy.And if you do not trust president Obama, you should trust that the economy will eventually correct itself.

  26. 26 B's May 15, 2009 at 9:36 PM

    Although you cant rely on someone who says when the crisis will end, I think that Americans need someone to step up and make bold predictions. If someone gives us a plan on how to get out of the crisis it will give the people something to work towards. Granted they wont be able to predict everything that will happen but at the same time we need a plan that will help us get out of this situation. If no one steps up and makes these bold predictions, then who knows when we will ever get out of this situation. And even if they are wrong we can try and new plan and adjust it as we go.

  27. 27 Britany Linton May 19, 2009 at 4:01 PM

    I agree that no one has any idea how long this crisis is going to last. I also agree that anyone who thinks they know is lying and hurting our economy when goals arent getting fullfilled when they say. people can only make educated guesses which isnt what is going to happen. We shouldnt rely on people telling us when this crisis is going to be over we should trust that our government is doing everything they can to fix it.

  28. 28 Stephen Cassinelli May 19, 2009 at 10:24 PM

    I do agree that no one as a clue to when this recession might end. As of now all we can do is try and stimulate the economy and await the near future in hopes of getting everything back on track. In a time like this i think it is good for people to look back on times when our country was in either a depression or recession. We have gotten out of these bad situations in the past and with a little faith, and trust that our government will overcome this crisis.

  29. 29 T May 25, 2009 at 11:02 PM

    There is no way to trust anyones decisions on how to make the economies problems go away because they may have other motives. The world is a stage


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