It's an emergency! We're going into financial meltdown! Unless Congress immediately authorizes a 700 billion dollar expenditure by the Treasury Secretary, we're doomed! Or, so they would have us believe.
Fortunately, our elected representatives from both political parties are resisting being railroaded. Many remember what a disaster the Patriot Act turned out to be because it was acted upon in haste. Then, too, they know that the administration that is sounding this alarm is the same Bush administration that told us and told the world that Saddam Hussein was harboring weapons of mass destruction. There is an understandable credibility gap.
There are problems with the economy. But to blindly follow this administration's leadership to an attempted solution is not the answer. Thankfully, our congressional leadership has learned some lessons from the recent past and is being more methodical in developing a solution.
Tonight, President George W. Bush will address the nation in an attempt to scare the public into putting more pressure on our congressional leadership to pass a hasty spending bill. Will the public demonstrate the same capacity to learn from past mistakes as the Congress? We shall see.
I am definitely in favor of taking appropriate action. But it is my wish that we take whatever time is necessary to get the action right.
That's Wade's two cents.
Wade Houston
September 24, 2008
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