Yesterday, we had a small turnout at our Chamber of Commerce leads group, and two of the members, new arrivals from other countries, asked for our take on the current economic crisis. Ed, a bearded easy-going intellectual, and a retired Stanford professor, gave a clear and concise explanation of the steps that led up to the situation, and a list of the "players" in what has become a losing game for the country. When we reached the subject of the proposed bailout for the financial institutions, the clarity disappeared. It's always easier to analyze history than it is to come up with workable future solutions. We all agreed that something must be done...but the devil's in the details. Certainly an uncontrolled gift of more taxpayer money can't be the answer.
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