Congress, the President, Wall Street and the American People
For the last two weeks and really several months, the economy has dominated the discussion in America and around the world. Specifically, the last two weeks, all eyes have been on Washington, D.C. about the $700 billion proposed bailout which has lots of people screaming and casting blame. Republicans are blaming Democrats and Democrats are blaming Republicans. Everyone’s blaming Wall Street and some are blaming Main Street.
The more I think about it, I say all of us are to blame.
Republicans and Democrats on the Hill are to blame. Both have enacted partison legislation at different times that has enabled this mess and the opposing party did not intervene to do what was right, morally, ethically or just plain common-sense-right. The President is to blame for not saying, warning or doing anything, much less not keeping his eye on the situation. Wall Street is to blame for participating in and allowing corporate greed, all in the name of increased profits.
All those people “buying” what they couldn’t afford should also know better, despite what a money grubbing bank might otherwise indicate. And the rest of us who pay all their bills and don’t live beyond our means are to blame. I’ve been saying for 10 years, “How in the world do people afford bigger homes, nicer clothes and designer clothes when I know they make half of what I do?” Yet I, and I suspect the vast majority, did not do anything about, did not speak up, did not write our congressmen, did not vote out no-good politicians though we suspected something was up.
I’d say nearly all of us have been sucked in one way or the other. Now I know that there are many people who live on practically nothing and they would hold the least amount of blame, though I’d question who they voted for. But unless they’ve lived within their means, living by the “I deserve just a little bit more, a little bit better” attitude has been a big part of the problem. Upsizing, supersizing, going bigger because those materialistic things continued to shine like fool’s gold has only made us poorer.
So I say, shame on all of us. (For any of you who don’t fit any of the categories above and have done things right, I’ll hold you innocent.) But, now let’s get together and do what American’s have always done well and tackle this problem and be better for it.