The End of Prosperity?

The Treasury Department will start disbursing funds from the $700 billion dollar bailout package this week and I do not find this solution to be a welcome result of the financial chaos of the last 3-4 weeks. The root cause of this crisis is political in nature and having the very people who created the problem now organizing and coordinating the solution seems fraught with peril not to mention irony. Our government has struggled to efficiently and effectively run organizations on any level with one notable exception being the military. Politicians whose pensions and health care are guaranteed by the government simply do not "have a dog in the fight" and expecting them to to act with integrity handling the financial lifeblood of our economy is naive. In the most charitable of times I think we all would agree that they spend money like a drunken sailor and rarely exhibit the vision necessary to sidestep unintended problems resulting from good intentions. Prayers are needed now more than ever. The Monday edition of The Wall Street Journal has a sobering opinion column written by Arthur B. Laffler entitled "The End of Prosperity". The link is: http://online.wsj.com/article/SB122506830024970697.html?mod=todays_us_opinion