When dealing with something as complex as the worlds financial system, easy answers are seldom correct ones. That principle seems to be at work in regard to conclusions reached of the financial "crisis". Looking for a simple and politically convenient villain, many people have blamed deregulation, the Bush Administration and free markets. Democrats like Nancy Pelosi have blamed the Bush administration over and over, and Barack Obama believes the biggest problem has been deregulation of the financial system.
It may be true or it may not be true. What is true is we're proceeding down a path of assumptions based on nothing more than opinion aligned to ideology. Partisans thinkers do that. They take a set of circumstances and attempt to fit their ideology in the policy prescriptions to fix it. We're spending trillions of dollars without so much as an investigation. The media and liberal Democrats are pushing spending legislation forward as fast as possible, without truly understanding the root cause of the problem.
First you need to understand, assess, act and then monitor the results. The Obama administration has jumped over understanding, assessing and gone straight to acting.
And now it looks like one of Obama's stooges Emanuel is blaming Bush for the new trillions of dollars of spending. That's simply cowardice and partisan political mud slinging.
If this represents change, I sure don't see it. We were led to believe Obama would reach across the aisle and be the President of all. He sure isn't acting like the President of those who believe in free market based principles, just the opposite in fact. And he sure isn't acting like responsibility matters, because without investigation and indictments, undoubtedly the same people who ran these organizations off a cliff, will be in charge of them tomorrow and being lavished with tens of billions of dollars more of taxpayer dollars to waste. |
