Monday, September 26, 2011

WANTED.

A Moment of Clarity.



Words.

"...the more I read the papers the more I’m convinced that “we the people” are having an economic crisis and “you the politicians” are having an election — and there is frighteningly little overlap between the two.
What’s worse — both parties seem to have concluded lately that no compromise is possible and therefore their differences will just have to be settled by the 2012 election. No problem! I’m sure our markets will be patient until the next president is in place in early 2013! And I am sure the European debt crisis will be happy to take the next year off. In fact, that must be why Republicans held another presidential debate on Thursday night and the European economic crisis and how it might affect us — and what we must do to insulate ourselves — merited no discussion.

Has our leadership lost its mind? Do these people go home on weekends to some offshore island, where everyone’s retirement fund is doing fine, everyone’s kids have jobs and no one’s mortgage is under water? Where is the urgency? This is code red. We are facing a possible global financial contagion triggered by European banks choking with sovereign debt spreading their woes to an already weakened U.S. financial system.
...We need to do our part in leading the world out of this crisis by stabilizing our own economy. And we need to show that we can still act collectively. The toxic paralysis in Washington is, in and of itself, slowing growth. It is keeping a black cloud over the center of the country and creating a sour mood wherein people just want to hold on to what they have.
...If between now and November 2012 all we are going to have from our two parties is a death duel, not a Grand Bargain — Republicans blaming Mr. Obama for the bad economy and Mr. Obama running on how crazy the G.O.P. has become — we will pay a very, very dear price."

THE NEW YORK TIMES: Help Wanted: Leadership






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