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September 30, 2008

Our leaders have failed us – why am I not surprised

I rarely get on here and talk politics – it is so personal with people but I can’t help but think that the vote yesterday to not approve the bailout plan was more than just a NO vote.  I think it reinforces why Time Magazine says that only 18% of Americans do not trust Congress.  Think about it – most Americans do not understand the complexities of the market system – that is why we have experts.  And the experts along with the President of the US, the Vice President, the Treasury Secretary, the Chairman of the Federal Reserve, the Chairman of the SEC and our two political candidates for President say vote yes for the bill.  Americans, on the other-hand, are upset because they think the bill will reward those who caused the problem and righteous indignation should prevail.

And now politicians are caught between a rock and a hard place.  Do you vote with popular opinion that might not truly understand all of the nuances of the economic and market system or do you take a stand and make the difficult vote that voters will not like?  And better yet do you take the time (I mean really really take the time) to explain why and how this bailout works and what will happen if it doesn’t (in simple layman terms that Americans can understand)?   If ever a time that our nation’s leaders should be inspiring Americans, and supporting Americans and calming Americans and telling us the potential of our future – our politicians are doing what they have done for years – look out for themselves first before looking out for the American people.

Am I surprised at the No vote.  Not at all.  I think that it cleary shows that one of the greatest nations in the world has leaders that no one trust, no one respects and no one has confidence in.  I think that is a much bigger failure than any bailout plan could ever cost us.

just my 2 cents….What do you think??

Thomas

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