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The Economy: Finding Inspiration in Weakness

September 22, 2008

Turning lemons into lemonade can be difficult inspiration by E. Manning.

the trillion dollar question

the trillion dollar crisis

As U.S. economic weakness and the Wall Street debacle have burst upon the scene, each of the presidential candidates have been eager to put a little distance between the turmoil and their campaigns as they seek a route to the White House through the worst economic crisis since the Great Depression. Both are carefully edging around supporting  the projected U.S. Treasury’s trillion-dollar bailouts. The reasons are easy to see, especially in the case of Senator McCain. Too much intimacy with current policy direction are likely to be especially damaging to the McCain campaign, notably if anything doesn’t work by administration plans. Senator Obama doesn’t care to risk supporting Republican objectives. The prospect for both campaigns is notoriously ticklish despite the idea that this is a bipartisan crisis.

Obama did cast forth one pearl of wisdom suggesting that independent oversight should be required. He also demanded that citizen victims of the mortgage crisis needed real help to stay in their homes, an action that government has been especially poor in establishing as millions of Americans have been driven from their homes. Otherwise, both candidates are guarded about the situation.

testing winds of opinion?

testing winds of opinion?

Obama and McCain are preparing for a round of presidential debates that are certain to liven the U.S. political scene. Rather than continually hedging, honesty and the presentation of original or different ideas without fully giving up all details would be a useful, refreshing and much needed approach. Even the admission that a candidate was saving valuable ideas for the presidency could strengthen his campaign. The political scene is full presidential potholes, but whichever candidate is able to prove that they are a fountain of fresh ideas and a different perspective is sure to win the hearts and the vote of Americans in the upcoming election.

The campaign path is fraught with danger, especially in relation to the media. Any new ideas of real worth are likely to be robbed by the current administration, desperate for effective ideas to deal with the crisis. The question remains over which candidate is going to be willing to show part of his hand. The fact is that every politician is human, likely to garner only three aces of a full hand. Calling the bluff is part of the game. Perhaps the whole spectacle is merely a game.

Congressional pork

Congressional pork

Politics tends to obfuscate the best of a principaled idea and the economy is no exception, especially when you throw Congress and the possibility of a mega-barrel of pork into the legislative pressure cooker. However, the nation of American citizens should  recognize that the candidates are not in a true position of power beyond their current offices held. That is where the emphasis needs to be. Unfortunately, the failure of either candidate to take a strong stand as they test the winds of public opinion shows the dangerous position they are in and perhaps true lack of character when dealing with tough issues.

Could honesty be the best policy for a change? If you don’t know the answer to the one trillion dollar question because you aren’t an intimate insider in the process, such an admission is likely the best way to go. That is admitting the truth. How about finding and presenting a more important truth? What prospect will the nation be facing regardless of how the bailouts work? That is the character this nation needs even if the immediate answer to the one trillion dollar question doesn’t inspire the nation. ~ E. Manning

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3 Comments leave one →
  1. fredericvonputz permalink
    September 22, 2008 10:34 am

    I will be eager to see how Congress handles the pork with this legislation. That will tell me loads about honesty of Sneators and Reps. We need to see who benefits from the pork barrel spending and get them OUT of office.

  2. bungeejumper permalink
    September 22, 2008 10:29 am

    one thing i can say is that the nation will eventually recover as long as we tough it through. the recovery won’t be pain free no matter what politicians decide to do.

  3. September 22, 2008 10:17 am

    Many pundits are pointing to corporate greed and a lack of government regulation as the cause for the American mortgage and financial crisis, some analysts are saying it wasn’t too little government intervention that cased the mortgage meltdown, but too much, in the form of activists compelling the government to pressure Freddie Mac and Fannie Mae into unsound, though politically correct, lending practices.
    O.K. Are activists really government regulation? They may be government influence and activist pressure, but this is not government regulation. The regulators given authority are responsible for the debacle as well as monitoring government practices that created the notion of securitized government bonds for mortgages. Either way, it boils down to greed, power and influence and if you say so, lobbyist interests too. ~ E.M.

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