Posted by
John Finnigan on Sunday, September 28, 2008 9:49:28 AM
Confusion about saving the country
Let’s see.
Credible economic people who have never cried wolf on economic issues before are now screaming that the empire is near a catastrophic disaster. Other credible economic people say that the situation is indeed grim, but that letting high flying profiteers go under is a natural consequence of the disaster.
As usual, politicians of lesser character and big power are spinning the future of the Union in terms favorable to their own point of view. I’ve seen childish tantrum from the usual crop of left leaning characters, and counter tantrums from the right.
Here are the sobering facts. WaMu went under. This event in and of itself is tectonic in its consequences. AIG went under, this event in and of itself is tectonic in its ramifications. Lehman Brothers went under, Goldman Saks is in serious trouble, Wachovia is near collapse, several large European bans are near collapse, and some of the foundational tenets of the free market are in doubt.
Is the sky falling, as chicken little might ask? Well it could be, is the correct answer.
I feel no confidence in the House or Senate democrats. I feel little confidence in the Senate Republicans. The House republicans are mad and don’t want to play ball with a pork barrel laden bail out plan, but perhaps underestimate the consequences to average working people of the disaster upon us.
Watching the political climate lately has been like watching an elementary school yard establish dominance within its childish social structure.
I am ashamed of Congress. Every single one of them. They’ve been acting like whores for campaign money and throw tantrums for their core clicks while the country twists in the wind.
Make no mistake, the country is twisting. Our economy is twisting and the snarling faces of Nancy Pelosi, Barbara Boxer, Barney Frank, Chris Dodd and the like give me no comfort; definitely no sense of leadership.
Congress, you are a disgrace. You have let your petty selfishness get in the way of the good of the people.