Houston County Courier - Local News
Stories Added - September 2008
Copyright 2008 - Polk County Publishing Company
Letter to the Editor - Here We Go Again
Houston County Courier - September 2008
I don’t know about you but I’m pretty disappointed in our government.
Once more, the public trust has been flagrantly betrayed.
Whether or not you’re a fan of Lou Dobbs, I have to agree when he asks, "Don’t we have a right to a government that works?"
I can’t put a finger on where or who started this financial mess. I suspect we all have had our fingers deep into this sticky mess.
Don’t misunderstand me, I still love this country and believe in its basic tenets but I also see its warts. Even when the truth hurts its still the truth.
I well remember the terrible S and L crisis of the late 1980s in which we had to bite the bullet and bail out institutions who squandered their assets. I remember Enron with the horrible cost to workers and investors. Now we’re looking into the abyss of another monster, which can swallow this country in one easy gulp.
Whoever becomes president is going to have a mountain of monumental problems to face and deal with them immediately. I don’t envy that person. They will have a series of crises, which will dwarf even Roosevelt’s Great Depression.
Somewhere down the line, greed overtook common sense and good business practices. Now we find ourselves on the slippery slope of financial irresponsibility desperately trying to push back an avalanche with a whisk broom.
Perhaps a good bit of this can be traced back to Katrina (a name which will live in infamy) when much of the Gulf coast was literally wiped out. So many businesses and homes ceased to exist. Insurance companies were swamped with claims and loan companies were inundated with properties in default. There isn’t enough money in any company’s general fund to cover losses on this scale.
Along comes Ike and we are about to see the same scenario replayed.
This is not the country our parents and grandparents gave us. It is the brave new world of the 21st Century. The rules have changed. This is a world economy full of diverse players with different agendas.
We can’t apply the techniques, which governed the past. We must learn new ways to cope with monetary matters to stabilize our country and encompass the rest of the nations.
What lies ahead is not for the faint of heart. Most of us won’t live to see the end result but, to quote Harry Truman, "The buck stops here!"
Like it or not, we are our brother’s keeper. Healthy world economy means stable fiscal prosperity for us. That may sound selfish but we must keep ourselves commercially strong for the sake of all.
No matter what we do or how quickly we do it we are in for a very difficult and painful time ahead. The solutions are backbreaking and bitter lessons. In the end, we will learn from the experience.
Here we go again taking a chance for the country we love.