Monday, September 22, 2008

What to expect from Congress

I just saw the Barney Frank, Nancy Pelosi news conference and was not surprised to hear they are already trying to cover their back sides if whatever they sign into law does not help the economy. It is as if they have no identity. The very people we count on to take responsibility and to look out for us, the American public, are afraid to commit to anything that may just have a chance to help a lot of people survive the credit crunch. I think that I have heard it all and then they come out and say something this childish. The truth of the matter is that we have a congress full of lawyers, many who have never practiced law, lifetime politicians, a few military personal, and no economists. The committees that do deal with finance are not headed by economists or financial brain children. They are usually guided by those with most seniority that lust for the most power. Anything to do with financing in our government is power and the lobbyist spare no expense to influence those with power. I am sure there is no place on earth, except possibly in the palace of the Queen of England, where more shallow deferential platitudes are bantered about as much as Hawaiians say aloha. Our politicians have become power and attention seekers with little expertise in economics or global markets. They want all the accolades of a superstar without having to take any responsibility for their actions. It has become almost comical.

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