Friday, October 3, 2008

What Is The Right Decision For The Financial Markets?

I’m really torn on this question as to what the government’s role should be in easing the stress that currently exists within our financial markets. If you are keeping score, the media would have you believe a depression is just around the corner.

I’m not sure that’s the case. History shows that the U.S. financial markets are strong enough to weather many temporary obstacles. I just don’t think we’re sure whether this is a “temporary recession” or merely a blip in economic history. Either is possible.

Who is at fault and who needs to fix the problem? Interesting question in my mind. While public opinion seems to lean toward “the greedy executives who got us into this mess should get us out,” we can’t ignore the fact that many a politician ignored the signs of this situation coming until now.

You may like it or you may not. You may think the actions being taken by Congress and the president make sense. Either way, the bipartisan spirit exhibited over the past week toward a solution is admirable.

No comments: