Today, President Bush spoke of the economic instability on Wall Street and his approach to Congress for immediate implementation of his proposed response. "The whole world is watching to see if we can act quickly to shore up our markets and prevent damage to our capital markets, businesses, our housing sector, and retirement accounts," Bush said Monday. "Failure to act would have broad consequences far beyond Wall Street. It would threaten small business owners and homeowners on Main Street."
On Monday October 07 2002, in Cincinnati, Ohio President Bush also stressed the need for immediate, unquestioning approval of his policy initiative. Our President said then: "Knowing these realities, America must not ignore the threat gathering against us. Facing clear evidence of peril, we cannot wait for the final proof, the smoking gun that could come in the form of a mushroom cloud....Understanding the threats of our time, ..., we have every reason to assume the worst, and we have an urgent duty to prevent the worst from occurring."
The current situation calls to mind another quote from this president "Fool me once, shame on you; fool me twice, shame on me." Well, actually, he screwed that up too. Congress has a constitutional responsibility to approach proffered solutions to this mess with intelligence and a real concern for the common good. Congressional Republicans have an opportunity to salvage their honor lost in blind approvals of Bush's policies and Democrats, in control of Congress, have an opportunity to focus their oversight in a credible, timely manner for the common good as they have repeatedly said was their intention. All beware the lobbyists bearing gifts and draft proposals.
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