Greenspan covering his backside. That is one of the things we do not need right now. Every other day he bloviates about how is was not him who caused this mess. While he assures us he sees Armageddon rolling down the street toward our parade.
We do not need the CEO of Blackstone Group telling us 45 percent of the world’s wealth has been destroyed. Uhhh, sir, prices go up too. When they do, do you say wealth has been created? Or are we talking about temporary situations, perhaps?
We do not need for our president to talk about “desperation out there”.
We do not need green projects enough to choke on from our beloved spendthrifts in Congress.
We do not need make-work projects that will not employ anyone but bureaucrats for years to come.
We do not need government telling car makers what cars to make.
We do not need our treasury secretary threatening to penalize oil companies for profits. Nor do we need him spewing global warming junk science.
We do not need to raise taxes in a recession. Raising taxes on those who are hurting is simply dumb. Raising taxes on those we hope will invest and re-build our economy is doubly dumb.
We do not need to have our president and his aids conspiring to go after Rush Limbaugh because he makes fun of them. Going after a private citizen cheapens the office.
We do not need all these purely political moves to take advantage of this crisis.
We do not need Warren Buffett telling us the economy is falling off a cliff. Sir, we know and feel, more than you within the comfort of your billions, can possibly experience.
We do not need George Soros and other billionaires telling us the end is nigh. Not when we know these birds can make tens of millions overnight. When their comments move markets up or down.
We do not need this cap and trade tax on energy. It is one of the largest taxes in history. Sorry, it is simply the wrong time. Whacking sick economies with massive taxes is sadistic and unfeeling.
We sure as hell do not need nearly 9000 earmarks in a so-called stimulus bill.
We do not need to be reforming healthcare at a time like this.
We do not need to be going out of our way - with this card check stuff - to strengthen unions. Not in a recession. Because stronger unions raise labor costs. That simply stifles an economy. Read about the damage stronger unions inflicted during the Great Depression.
We do not need a lot of finger pointing right now. Yes, we need to record who did what to get us into this mess. We can come back to it later.
For now we would be smart to deep-six a lot of the above.
We would be smart to focus on helping folks who deserve to be helped. We should do all we can to stabilize the system.
Our leaders would be smart to focus on building confidence in our system, our economy, our future.
Our leaders would be smart to recognize what will entice folks to rebuild our economy. They know who will rebuild the economy. It is investors, large and small. From the venture capitalist to the parents who loan money to their kid to start a business.
They know what will NOT inspire the investors. Higher taxes will not. Talk of desperation and Armageddon will not. Global warming guff and political maneuvering will not. Enough fiddling. Let us put out the fire and clean up the mess and tend to those turfed into the cold. And let us clear the path for those who will design and rebuild. Let us give them a reason for doing so.
From Tom ... as in Morgan.
For more columns and for Tom’s radio shows (and to write to Tom): tomasinmorgan.com.