The Bailout in a Nutshell

I did not, and do not, expect perfection from President Obama.  However, I thought the mistakes I had anticipated would fall on the policy side, not the ethical side.  Heaven knows I have written enough about the moral shortcomings of some appointees.  Now I will address the policy side, of which the bailout has center stage.

Is Obama’s bailout reasonable?  Being a fiscal conservative, I do not believe that we can keep spending recklessly.  Future generations will never get out from under that onus.  There appears to be a gap between short term and long term aims.  The Republicans believe that we need tax cuts, which will empower our economy to naturally right itself.  Job creation is not necessary.  The Democrats believe without job stimulation, the economy will sink even lower, not to mention even recuperate.  Here is the rub:  does Obama’s plan of short AND long term actions really provide the impetus for bettering this meltdown or is it an ideological shift to include wide-reaching policy changes and major government participation?  Should this recovery be based on a two year plan or a 25 year plan?  Should our remedy be a quick fix to the recession or a “remaking” of our nation?  Read David Sanger’s article:

Nancy Pelosi said that the Democrats should take this opportunity to remake America.  After all, “we won.”  Hardly conciliatory, much less even considerate of our children’s and grandchildren’s assumption of huge deficits.  On the other hand, when I think back to Reagan’s disastrous “trickle down” economics, and how the middle class has never recouped  its firm footing, I think this remaking is long over due and appropriate in order to right the scales again.

But let’s call a spade a spade and not beat around the bush.  Obama’s plan IS much more than a quick fix.  The Democrats need to fess up and admit that they ARE going for a complete redesign of our economy and social policy.  If they truly believe that the time has come for an overhaul, say it, explain it and do it.  Stand up squarely to those Republicans.

There will always be ideological differences between the two parties.  Our current situation demands that we initiate solutions with compassion, compromise and consensus.  The issue here will not be which party wins or loses;  the sin will be a stalemate, in which case, everybody loses.


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