For The Short Term, Mixing Politics With Finance Will Get Us Nowhere
Some sort of financial plan has to be agreed upon and passed soon...within days. If not we will all begin to feel real financial pain. Once that is done, we can and should return to getting an understanding of how this happened and making sure that it doesn't happen again.
This "once in a century" financial debacle CANNOT be blamed on any one political party or any one President anymore than expecting that the next U.S. President can or will solve this type of problem or prevent it from happening again. If we are to believe some of the YouTube videos outlining how this happened, it's pretty clear that the causal factors occurred during periods when both the Democrats and the Republicans controlled the White House and Congress. There were plenty of opportunities for responsible elected officials to modify or even eliminate the causes. They didn't because the American public was as greedy as they were, didn't pay attention, and didn't give a damn.
If we think that either of the presidential candidates will solve these problems--or make them worse--during their term of office, we're kidding ourselves. About the most we can hope for is the leadership that can emanate from the White House that will begin to cause Americans to be more thoughtful, less greedy, and more interested in the common good as opposed to the satisfaction of personal needs and desires.
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