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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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You wake up in the morning and once again the financial weather report calls for the Apocalypse followed by brief showers of despair. Seeking a ray of hope, you turn on the television and settle in to watch a Capitol Hill hearing. There in the hot seat is the man who holds the entire U.S. economy in his hands. And he looks like Harry Potter....
We do need strong leadership. The world is in chaos. There are riots from Greece to China. Iceland has collapsed, and Mexico teeters on the edge. Pakistan is broke, melting down and awash in nukes. Yes, the stock market soared with Geithner's toxic asset plan, but didn't he and Obama dismiss Wall Street's response when the first version of the bank bailout landed with a thud last month? Don't we hate Wall Street? Obama and Geithner subsidize hedge funds on Monday and come back with heavy regulations on Thursday. What gives?
Gradually it becomes clear. This is not just a global economic crisis. It's a global leadership crisis. Obama is still finding his footing, Gordon Brown is on his way out, Hugo ChÃ¡vez is nuts and Wall Street management is larcenous. Isn't there someone somewhere with decent values, a firm hand on the tiller and at least one big new idea? Where have all the leaders gone?
Read it all.
Filed under: * Economics, Politics Economy The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government Treasury Secretary Timothy Geithner Politics in General Office of the President President Barack Obama
Next entry (above): Desmond Lachman: Welcome to America, the World’s Scariest Emerging Market
Previous entry (below): David Broder: Hiding a Mountain Of Debt
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