Thursday, September 25, 2008

We need Americans Not Career Politicians

Why aren't more people...why isn't the American press pounding the idea that the current financial debacle is the responsibility of our government. Where has Congress been. They, and the Presidents, seem so short sighted. All they seem to care about is getting more money now to insure reelection. Or worse, they pander to public opinion in order to get reelected. We elect them to handle the problems we don't have time to investigate properly. That is one reason that we are a republic. If I wanted a government run by polls, why would I need a representative or a President.

This financial problem seems to have been a long time coming. Instead of promoting savings we promote spending. Don't encourage people to save for a home or get one that is affordable instead lets encourage companies to loan them more money. Who pays for this? The people themselves while the politicians get reelected!

So the mortgage industry is collapsing, what do we do now. We have to pony up. No this isn't really a bailout I know. We are purchasing assets, and at reduced values but in essence the government is becoming the landlord. What does it do with these assets. The people are defaulting, which is the problem. Does it foreclose? And when it buys these assets from the mortgage holders it will be below book value which means that these companies will have large write-downs on their books. How will Wall Street react to this? Plus, we have to borrow more money to do this. Our credit rating is placed even more at jeopardy and if it slips then the interest we pay goes up. Since we can't afford to pay our current interest without borrowing how do we pay even more in interest. We don't even want to think about the possibility of the defacto world currency switching from the dollar. These are all possible outcomes.

Yes we will pull through. In fact, after the election we probably won't hear much about this outside of the business media. The point to remember is that we need to hold politicians accountable for past stupidity. Hold the current politicians to the fire to do what is best for the country in the long run not just what is best for our state, county, city, company or purselves today! We have a lot of long-term problems that have to be addressed and no one seems to care beyond what it will bring them today.

Education, Rebuilding our Infrastructure, Retirement (not just Social Security), Healthcare (not just Medicare and Medicaid), Security, Innovation, Government Bloat, Government Debt, and the Economy; these are all current, real problems that can collapse our country and they all require long-term plans.

Those that know me know that I am pretty far from being a socialist and the current problems should indicate the government is inept at solving these problems themselves. In fact, they can and usually make them worse. That's because they believe the ONLY solution is a transfer of power and wealth to themselves. The real solution is for government to find ways to promote the solution and then get out of the way. But who can blame the government, they have to be reelected every 2-6 years. They usually can't see beyond this. That is why it is up to us. We have to think and vote with a longer time frame in mind. We need to elect smart people, people with character, who can discern what is right and follow through even if it's difficult. Even if that means that they won't be reelected! We don't need career politicians in office. We need Americans.

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