Too bad our government couldn’t move a little faster. Ideology clouded Paulson’s decision making. He wanted to solve the crisis with some convoluted plan aimed at purchasing bad assets from banks, rather than just injecting liquidity directly (in exchange for stock). He lost precious time.
It’s hard to avoid the sense that Mr. Paulson’s initial response was distorted by ideology. Remember, he works for an administration whose philosophy of government can be summed up as “private good, public bad,” which must have made it hard to face up to the need for partial government ownership of the financial sector.
Luckily for the world economy, however, Gordon Brown and his officials are making sense. And they may have shown us the way through this crisis.
[Gordon Does Good THE NEW YORK TIMES]
This is the beginning of the end of American world dominance. In my opinion, our decline has come from poor and inadequate leadership. This crisis proves to me that all U.S. government officials from the President to Congress are at fault. Failing to act quickly, rationally, and directly in the global economic crisis is shameful and sad.
It is reality-check time for America. We must get it together or be left behind.
Aimee
“Aim for Understanding”
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October 21, 2008 • 11:42 am 0
Billy the ‘Small Business Owner’
Unlike Joe the Plumber, my husband Billy runs a small business with his mom and is not worried about the possible tax implications his business may face under Obama’s tax plan.
Rather, Billy is quite concerned about the direction of the country and he wants a president who believes in government programs and support in times of recession. He knows that government investment in people and infrastructure is key to bringing back prosperity in our economy.
You see, Billy’s business is in commercial construction. He works with engineers and contractors to meet safety code standards on schools, hospitals and other emergency facilities. As you might imagine, it is essential for federal, state and local governments to continue to invest in infrastructure for Billy’s business to survive and grow.
Billy feels, if he’s fortunate enough to make a quarter million dollars in profit next year, he won’t mind the higher tax bracket. Once the economy turns around, he plans to hire additional employees, and with Obama’s plan he will receive tax credits for hiring and expansion.
He told me, “Paying taxes is patriotic. It’s my duty as an American.”
Aimee
“Aim for Aimee’s Blog“
Filed under: News & Views , aimee ennis, politics, political commentary, barack obama, john mccain, presidential election, presidential candidates, Aimee’s Blog, Election, political candidates, Political Opinion, presidential debates, political debate, sarah palin, Palin, republican, mccain, mccain-palin, election 08, Obama, joe biden, biden, obama-biden, democrat, economy, taxes, tax plan, joe the plumber, billy the small business owner, obama tax plan, small business taxes