jillian
Princess
First, we need a president who can speak English and deconstruct and navigate complex issues so Americans can make informed choices. We have paid an enormous price for having a president who could not explain and reassure us during this financial meltdown. We wasted a huge amount of time pretending that we could punish Wall Street without punishing Main Street — when, in fact, they are intricately intertwined.
A major money market fund — Reserve Primary — failed in September because the extra interest it offered customers derived, in part, from the $785 million in high-yielding Lehman Brothers commercial paper and notes it was holding. Depositors who told their congressmen to just let that greedy Lehman Brothers fail were shocked to discover this meant that their own money market would be frozen. No, we don’t need a president defending greed on Wall Street, but we do need one who can explain that we are all in the same boat, that a leak at one end can sink everyone and that while we must regulate, we don’t want to kill risk-taking and the rewards that go with that — which are essential to growing our economy.
Second, we need a president who can energize, inspire and hold the country together during what will be a very stressful recovery. We have to climb out of this financial crisis at a time when the baby boomers are about to retire and going to need their Social Security and eventually Medicare. We are all going to be paying the government more and getting less until we grow out of this hole.
Third, we need a president who can rally the world to our side. We cannot get out of this crisis unless China starts consuming more and unless Europe keeps lowering interest rates. Everyone is interconnected, and everyone is still looking to America to lead.
So, bottom line: Please do not vote for the candidate you most want to have a beer with (unless it’s to get stone cold drunk so you don’t have to think about this mess we’re in). Vote for the person you’d most like at your side when you ask your bank manager for an extension on your mortgage.
Vote for the candidate you think has the smarts, temperament and inspirational capacity to unify the country and steer our ship through what could be the rockiest shoals our generation has ever known. Your kids will thank you.
http://www.nytimes.com/2008/11/02/opinion/02friedman.html?em=&pagewanted=print