September 22, 2008

We Need a Commission

There's plenty of blame to go around for the current financial crisis, but I'm not sure whether it should be evenly distributed. Here's a high-grade amoral ploy: the faction that primarily caused a given problem makes political hay by pinning the blame on the faction that tried to prevent it[1].

Something like the Challenger Commission or 9/11 Commission is needed, i.e. a council of elders composed of people with reputations for objectivity and integrity. Put some credentialed foreigners on it too.

Who were the Republican legislators that helped the Democrats block the regulatory Fannie proposals that failed a few years ago?
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Nobody seems to be talking about putting the federal budget so we're better positioned to deal with the next crisis when it comes along.
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[1] Not that I wrote "a given problem". There are plenty of problems and plenty of responsibility for them, and I don't doubt that both parties and multiple factions are trying the ploy I mentioned.

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