Who Screwed this thing up

I think Obama is going to win the election. I think the reason that will push him over the top is the economy. I think lots of people that go either way will kick out the republicans because of this crisis. The race was pretty close until the bailout started to dominate the news.

If you are asking who is the blame for the economy, you should read the article from FactCheck.org.

The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.

There is a reason what went wrong is important. There is a reason we should ask which steps were steps in the wrong direction. Without that information we might take the wrong steps to fix the problem. Remember that the economy is like a house on fire. Not only do we need to put out the fire, we will have to rebuild the house and keep it from happening again. I worry that the politics of the issue will cause people not to do everything they need to do.


Popular Posts