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Business, Politics

Credit, Where Credit is Due

09.25.08 | Comment?

Bush giving speech

Yes, the title is intended to be clever. This is about President Bush’s speech last night. Those of you who read this blog often will know I don’t have much good to say about our current chief executive. Surprisingly, I listened to his speech last night and found it cogent and coherent – something that has not often been said about Mr. Bush and certainly not by me.

Does this mean I’m comfortable and supportive of the $1T bailout ($85B for AIG, $200B for Freddie/Fannie, and this latest $700B handout) – in a word, no. But I do understand the rationale and provided that basic protection, adult supervision, prevention of repeat measures, executive compensation limits, and transfer of assets actually occurs for us tax payers, I will reluctantly support the plan because I do believe it’s better than the alternative.

So, Mr. Bush, while we still have many, many differences, your 22nd attempt at addressing the nation was not painful to listen to and made a great deal of sense. I tip my hat to you sir for stepping up in an untenable situation. That being said, I will not be sorry when you leave office next year.

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