I desperately wish I could write that either the Democrats or the Republicans have THE ANSWER to our financial crisis. But I cannot.
Here’s the truth: the economy is out of the hands of either John McCain or Barack Obama. For the short term, our fate is in the hands of Secretary Paulson and Chairman Bernanke. Are they smart enough, tough enough? We’ll know soon enough.
The bailout, most believe, will be a double-header. Next up – the credit crisis. One of those guys will be our next president and will get his turn at bat.
So will his grandchildren – the payoff for these massive bailouts will last a long, long time.
Unfortunately, this mess has crystallized into a national attitude of “us vs. them” where Main Street feels like we are told to pay for the excesses of Wall Street. And we are.
No wonder we are angry. This is wrong on so many levels.