Tuesday, November 11, 2008
Bob Herbert identifies an obvious point
That no recovery is possible by directing all our funds to the great financial houses. Without a resuscitation of the working part of the economy, the big boys will just be passing "funny money" back and forth to each other with any trickle down a result of their incontinence.
When the Champagne and caviar crowd is in trouble, there is no conceivable limit to the amount of taxpayer money that can be found, and found quickly.There are ways to help the people damaged by the Bush Depression, but President Elect Obama needs to remember that the Republicans have no stake whatsoever in the success of his efforts. Perhaps as Obama presses his efforts, he should remember this quote from Lyndon Johnson,
But when it comes to ordinary citizens in dire situations — those being thrown out of work or forced from their homes by foreclosure or driven into bankruptcy because of illness and a lack of adequate health insurance — well, then we have to start pinching pennies. That’s when it’s time to become fiscally conservative. President Bush even vetoed a bill that would have expanded health insurance coverage for children.
We can find trillions for a foolish war and for pompous, self-righteous high-rollers who wrecked their companies and the economy. But what about the working poor and the young people who are being clobbered in this downturn, battered so badly that they’re all but destitute? Can we find any way to help them?
It is important that the United States remain a two-party system. I'm a fellow who likes small parties and the Republican Party can't be too small to suit me.
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