It Had To End

That was a nice run of good news there- two in a row! With trends in this country being what they've been, I knew it had to end. The Senate, predictably, tweaked the bailout to make it a little worse than it already was, thereby making it more palatable to our Senators, including McBama. The House gets to take its' vote tomorrow. From CNN:

The legislation, if passed by the House, would usher in one of the most far-reaching interventions in the economy since the Great Depression.

Advocates say the plan is crucial to government efforts to attack a credit crisis that threatens the economy and would free up banks to lend more. Opponents say it rewards bad decisions by Wall Street, puts taxpayers at risk and fails to address the real economic problems facing Americans.

CNN got my opposition right, that's for sure. So, under the Bush Administration, yet another bureaucracy stands to be born:

the Senate version would set up two oversight committees. A Financial Stability
Board would include the Federal Reserve chairman, the Securities and Exchange
Commission chairman, the Federal Home Finance Agency director, the Housing and
Urban Development secretary and the Treasury secretary.

Financial Stability Board? What next? An 'Equalization of Outcomes Bureau'? A 'Forgiveness of Stupidity Department'?

I don't know about you, but for me, this doesn't inspire confidence. It terrifies. Glad I got out of the market when I did, and got into gold, silver, and oil. Best decisions ever. CNN covers some reactions by random Americans, none of them speak of confidence. Best advice there: Live within your means, and plan now for your future.

Wanted - An Adult For President

I was reading some of the Washington Post opinion stuff today, and happened upon a Eugene Robinson column that started like this:

The Democratic presidential candidates squabble over real or imagined racial sensitivities, the Republican presidential candidate stages photo opportunities with the troops in Iraq, and meanwhile the financial system is coming apart at the seams.

Would someone please tell Barack Obama, Hillary Clinton and John McCain that here in the real world, we have what looks like a real problem. It would be nice if they'd pay attention and maybe, you know, come up with some ideas for getting out of this mess.

Funny enough, there is a candidate for President who has been talking about the financial crisis and the need for a return to sound money for about 30 years. Oh, that's right. I don't know what I was thinking. Ron Paul must not be a candidate for President. Columnist Eugene Robinson used the singular when describing the Republican offerings.

Problem is, when you have candidates who talk about fluff, and when you have voters who demand freebies, you get people like McCain, Clinton, and Obama at the fore. The LAST thing you're going to get from them is serious talk about finances. That's kook stuff, the kind of thing that gets the 'tinfoil hat insults' going.

Maybe Robinson is part of the problem. He, like so many others who have already given coronation to John McCain, treats Ron Paul like he doesn't exist. So, don't be surprised when Ron Paul type solutions aren't part of the discourse. And yet, Robinson continues:

A good start would be to acknowledge that putting the economy back on a sound footing is likely to be the new president's first task -- and then to begin laying out some ideas for how that might be done. A little honesty would be preferable, too -- an admission that no president will be able to turn around the economy overnight.

I realize that's heresy. Presidential candidates like to tell us about all the largesse they're going to provide. They like to invite voters to envision the sunshine of happy days, not the gloom of an economic slump. But real leadership involves dealing with the economy as it is, rather than as we would like it to be.

If you really wanted it, you could have written an article that read, "Ron Paul may be a longshot, but he's got exactly the right plan for returning the American financial system to sound money," or, "Ron Paul might not promise you the moon, sky, and socialized medicine, but he would get the country back on economic track".

But no. Exclude a good candidate with great ideas because you find their candidacies 'unwinnable', and you exclude the ideas. Thanks for nothing. I'm already reminded of the South Park episode, that lampooned the election choices of George Bush and John Kerry, ridiculing as the choice between a 'giant douch and a turd sandwich'.

OK- If I can't have Ron Paul, I'm ready for the Libertarian Party candidate now.