Government Inertia

That the economy was going south should not have come as a surprise. Talk of the impact of the sub-prime mortgage market has been in play for at least a year. I too did not believe that this mortgage mess would have such a staggering effect on the entire economy. However, I am not an economist. Ben Bernanke is and his Federal Reserve Board should have been able to evaluate the impact. Where were the financial gurus? As recently as July 5, 2007 Bob Brinker, the leading writer of financial newsletters, was writing that he foresaw a bright future for the stock market.

Now that the nation is in this mess I expected a quick acting congress would inject money into the economy within one or two months. Instead the reports are indicating that tax rebate checks to stimulate the economy will be arriving sometime in May. That is five month from now. That is too far in the future.

The Democrats and Republicans run the government and both are failing. The evidence is obvious to me. It’s Katrina, it’s reacting to a recession, it’s protecting our nation from a terrorist invasion, and most of all it’s about making our government effective.

If there was ever a time when we needed an independent that could rise above the fray, now is the time. I don’t know if that person is Michael Bloomberg or another independent. In my view we definitely need new leadership.