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Today Henry Paulson, acting in desperation, radically
revised the U.S. bailout package. Instead of buying toxic
assets from banks, now it will try to inject money directly
into the economy by supporting the consumer debt markets
directly.
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I can't believe it either: we actually elected a black
president. I'm ashamed to realize that I underestimated my
fellow citizens, but I think it's the same old story: the bigoted
minority makes the most noise. Bishop Shelby Spong once
said, "Religions are like swimming pools, most of the noise
comes from the shallow end." I think politics is the same way.
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Behind closed doors, many of us are seeing the value of our
investments and retirement plans wrecked. We are seeing our
jobs become insecure or losing our jobs.
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