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01 October 2008 @ 10:50 am
Anger - to the Dark Side It Leads...  
With the various YouTube clips of hearings on potential financial crises and reports of investigations that were cut off circulating, the word I hear most often is "angry".

Anger at what we "coulda/woulda/shoulda" done to prevent 9/11 led directly or indirectly to:

- the (bipartisan) Department of Homeland Security.
- the (bipartisan) Patriot Act
- the (bipartisan) invasion of Afghanistan
- the (bipartisan) invasion of Iraq


While figuring out - calmly, not while we're pissed off - how to keep future stupidity (both in not recognizing and in allowing too much greed) from harming so many people, we need to be careful not to fall into our habits of zero-tolerance for stupidity. That could lead to such wonderful things as:

- no home ownership without paying cash (if you are rich enough) or getting a government loan (if you are poor enough)
- credit cards for the rich (who don't need them) and poor (with subsidized interest rates) but not for the middle class
- no retirement except Social Security (meaning the rich can retire and the working class can retire but the middle class can't)
- the government making all our financial decisions for us because we've handed off our responsibility to be intelligent users of credit.
- fear of trying any kind of new economic ideas

Yes, these are ridiculous exaggerations - but ten years ago, so were things like legislating away habeas corpus.

I'm not saying "do nothing". I'm not even advocating for or against a particular proposal. I'm saying to think about all the consequences before rushing into the same overhaul of the financial system that we embarked upon with our "defense" system.
 
 
Current Mood: grumpygrumpy
 
 
 
kizoku42kizoku42 on October 1st, 2008 10:58 pm (UTC)
Yeah. It FRIES me how often legislators let that idiot rush them into voting for something without taking the time to read it over and THINK.