The Other I

September 28, 2008

For everyone caught in the middle

Well, Congress seems to have agreed some sort of rescue plan, for what it is worth.  The more I read, the more sceptical I am, but since the details of the final package haven’t yet been released, I can only hope it is not as self-serving as I fear.

It is the end of the day here as I write, and as I prepare for another day, I am resolved not to live my life in perpetual mental conflict with the political system for which I increasingly have so little regard.  I am not in a position to influence the outcome, and even if I were, I am not wise enough.  But I can remember that there are many people being crushed by this crisis, not merely squeezed as I am.  As DJC says in yesterday’s comment, if you are neither too big nor too small to qualify for help, one must somehow survive on one’s own.

This is not meant as a consolation prize or an expression of sympathy for those caught in the middle with nothing.  For people in real need, I admit this is a bitter irony, but a hidden benefit of not getting help is that at least one is not corrupted by the system of hand outs.

That’s what worries me about giving $700 billion to the banks.

PS:  The best analysis so far that I’ve read about what to do about the financial crisis is by Joseph Stiglitz, a Nobel-prize winning economist at Columbia University in an article in The Nation.   If you’ve not already had enough, here’s a decent summary.


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