Tuesday, March 31, 2009

Didn't We Vote for Change?

I'm finally worried.

I had high hopes for President Obama, but when it comes to the economy, I'm worried that he's just continuing more of the same. I don't know for sure that what he's doing won't work (who does?), but it really does seem like the same-old crowd who have messed up our economy are still running things, they are out of new ideas and they are just worried about saving the status quo.

I'm not so interested in the status quo...it's what got us here.

What if our auto companies can't be saved?

What if the big banks are really bankrupt and need to be broken into workable parts?

What if we just threw away $1 trillion that the taxpayers will never get back?

What if the plans we are putting in place will just continue to make rich people rich, while the rest of the country suffers?

I would feel better if the treasury's plans were being made in the light of day, with input from big thinkers of all political persuasions. I want to hear for myself the advice that is being given to the White House and Treasury Dept. I want to hear why we should save the banks. And why investors will be taking on some of the "toxic" debt with no real risk to themselves because my tax dollars will support them if their investments go south.

I am a capitalist. If a company can't survive, it should go under. Bad ideas should fail. There should be risk in the markets.

But I also have a soft spot for socialism...when it comes to people supporting people; but NOT when it comes to the people's money supporting failing, rich institutions.

I can't help but be worried when we are trusting the same people who got us into this mess to get us out.

I don't know if Geithner has the solution. I don't know if Paul Krugman can solve it. I don't know if James Galbraith is right that there is 'no return to normal.' Or if Noam Chomsky is as sure as he sounds:

But, I'd like to hear different opinions. We've all just been trusting those "in charge" for too long. Time to bring us all in on the solution (even if - especially if - that scares the bankers).

1 comment:

Madelyn said...

My thoughts exactly. Well said.