A Plea to Congress

Please support the President and his economic leadership, in particular the comprehensive if not yet always comprehendible rescues and reforms.

The immediate fixes cannot be perfect nor the long term costs of delay neglected. The powers that are needed are not there yet and must be considered carefully but much of what is on the table was placed there by those who were part of the problem while that alone does not take them away from being part of the solution.

I urge the TARP oversight board and Finacial oversight committees to investigate all bailed out institutions and not only how they came to need rescue, but to make sure they do not get out from under their need to change. Any reimbursement of bailout funds must be complete, and there must be an understanding of how things will be different, before there is any back tracking or refunding.

I think that all political measures should be considered in supporting the four pillars of Obamanomics; Energy, Education and Healthcare reform and fiscal responsibility, as well as the international scope of financial and progressive reforms.

Please see the Humpty Dumpty allegory for the wall that needs to come down, between people and progress.

Sincerely,
Roger Larson

[Update 3-27-09 bold added to Obamanomics: it is a link to an article by the president and international scope has one too. The rest of the body of the text can be read with the links as footnotes.]

[Without getting too into the term "political capital" which the previous administration really had none to spend, it may be something that if you don't use, you lose. I do not see how doing what the people sent you there to do is a risk.]