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AgWeb Editor Greg Vincent takes a big-picture look at agriculture and current events.

Let the Politics Begin

Sep 26, 2008
President Bush “interrupted your programming” this morning to calm the nation’s nerves on the developing economic crisis and the stalling of talks between Congress and the President.

Is it just me or when the President comes on TV to talk about anything that deals with negotiations between the legislative and executives branches am I the only one who looks on this with skepticism? And I’m not talking only about this administration. I’m talking about getting politics involved in this process.
 
Personally, I’m not convinced the government is the best place to look for management of any issue, let alone one that deals with a crisis caused by fiscal mismanagement. Though, the government is adept at financial mismanagement, so, maybe they are the best one’s to deal with this. And now, we all agree (Congress and the President, that is), according the Wall Street Journal summation of President Bush’s speech, that we need a bailout. Everybody just wants their own plan.
 
If we’re going to get a bailout that works, wouldn’t this be the time for Bush, McCain, Obama, et. al. to put their money where their collective mouth is and work out a plan? And, no, this is not naiveté at work here, it’s wishful thinking borne of frustration.
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COMMENTS (2 Comments)

Anonymous
CORN.

10:44 AM Sep 28th
 
Wallstreet
Greg: The goverment is the only bid left in the market. Credit markets are halted. Commodity markets are trading fear. Equity markets are trading that they get a deal done. If they don't put in a bid for these assets, the market to market of short dated capital will wipe out wall street and the toxicity of the that will bleed into every corner of our economy.
12:55 PM Sep 26th
 
 
 
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