It's been very interesting to see the developments in this election especially in the wake of the worst global recession since the Great Depression. As widely publicized, the implicit government backing of both Freddie Mac (where I worked for nearly 2 years) and Fannie Mae was made explicit over the weekend: The government is now running these two entities and is using our tax dollars to do so. The government is saying that this is a temporary solution to stabilize the markets until a long-term solution can be arranged. This leaves one huge mess for the next administration to deal with and underscores the problems we face in the broader economy.
Now in terms of economic growth and stability, I personally would tend to lean more to the right since republicans believe in small government, low taxes, and market-driven economies. But given that we have, for the last two decades or so, been led by a primarily market-driven system and have found ourselves in this financial quagmire, I wonder if more government moderation and oversight isn't needed. So let's ask ourselves two very important questions: 1) Which administration do we believe has the skill and experience to engineer a long-term solution to this historic crisis (or at least find the best people to do so)? And 2) which administration will make the necessary reforms in our economic system in order to avoid this type of problem in the future?
2 comments:
Wow, Duane, very well articulated, and I fear you are right about the mess the economy is in. Study hard and learn ways to help us extricate ourselves.
Yvonne, your articulation of Duane's articulation is exceptionally articulate.
Duane's comment makes me realize that there are multiple criteria to consider in choosing a candidate: values, philosophy, experience, leadership, management skills, and intelligence. Do our candidates have any of these?
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