Act Now Before the Sky Falls
Now is the time!
One moment it’s all pie in the sky “green shoots” and the next it is we must act now. What is the rush to get these things done?
Geithner, in testimony to the Senate Banking Committee, said the administration considered a full range of options and “decided that now is the time to pursue the essential reforms, those that address the core causes of the current crisis; and that will help to prevent or contain future crises.”
Not even acknowledging the very serious intellectual reasons for not doing this because I’ve discussed it in the past. It seems most people are forgetting the ancient fable of the sky is falling. When ever anybody says DO IT NOW we should take a minute to think. Especially if those people are politicians!
Geithner (Bush and Paulson did the same) remind me of one of those sales people trying to get you to buy it now to get 50% off, we’ll throw in a free widget worth $75 dollars, and pay your shipping charges if you buy it in the next 5 minutes! It only costs several trillion buy now before it’s to late!
