Saturday, March 28, 2009

The Current Forecast: Cold and Gray

The Government, it seems, is up to its old tricks, ignoring pressing problems while solving problems that largely aren't there. This time, though, we may be stuck with an even bigger-than-usual bill for the mess.

Geithner's current plan contains a number of flaws, many of them flowing from the notion that our current problems are "fixable" through governmental action. From this neck of the woods, it seems that our problems---self-inflicted though they may be---are simply not amenable to quick fixes. Sadly, this means that we may be in for a long downturn, one that will not end until the excesses of the past---the overspending and speculation that came along with the wild rush after riches of the past fifteen years---have been paid for.

The Economist carries a piece on Obama's domestic shortcomings to date...which are beginning to become apparent. Unfortunately, though, there are no easy answers: if there were, we'd have done them already. And though it's depressing to think about it for too long, no "plan" we adopt will be perfect. And figuring out what we should do, and where we should go from here, will simply be the harsh and unavoidable ordeal of picking the least terrible from among a host of awful options.

JEFFREY CAMINSKY, a veteran public prosecutor in Detroit, Michigan, specializes in the appellate practice of criminal law and writes on a wide range of topics. His books include the science fiction adventure novel The Star Dancers, the exciting second volume in the Guardians of Peace-tm series, The Sonnets of William Shakespeare, and the acclaimed Referee’s Survival Guide, a book on soccer officiating. All are published by New Alexandria Press, and are available on Amazon, as well as directly from the publisher.

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