Tonight is President Obama’s first presidential address to congress tonight. President Obama is still new in the white house, but he seems a bit hurried and urgent in the things that he’s doing. I’m not sure that such haste creates a good environment for clear thinking and sound judgement. The address will be streamed and so you should be able to watch it here:
[address ended]
I just found this article which highlights some of the issues with rushing to pass and then spend and economic stimulus bill:
Why don’t we slow down a bit. The article points out that:
“We recall being told last September that if TARP (Troubled Asset Relief Program) was not passed right now, this week, the economy would collapse next week. The economy didn’t collapse (granted it is still weak) and half the money has yet to be spent.”
So, whats the harm in slowing down for a minute and making more educated decisions as we go along our way.
What can we as American’s do to slow this train down? You could start today by writing to your congressman:
One of the first life lessons I learned at a very young age was to “slow down”. I’m not sure how many times I’ve heard that, but it almost always is good advice. I think it would be excellent advice in light of our current economic crisis.
Sure things are bad, but hurried and poorly planned spending has the potential to make things much worse. In the first place there had been an excess of consumption on debt. What a mess it has become. But why not let the system shrink back down to a sustainable size?
I wish I had more time to say all that I think about it, but one thing I can say for sure is that we need to stop spending, slow down and let the system settle a little bit more. Once it’s had time to settle into it’s new size there will be a more appropriate time to figure out how we could stimulate parts of the economy.
It’s really hard to watch the way our current government is pushing recklessly forward to spend so much money that it doesn’t have.
I was born and raised in Salt Lake City, Utah. Around age 23 I began reading a lot about America's history and much of it was very new to me. I wondered how many other Americans, like me, had never read the entire constitution, declaration of independence and other formative documents in American History. This newsletter allows me to share what I've found. I hope you enjoy it.
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