Hello again world. I have an announcement. I am upset. Why? I'll tell you.
I have spent most of the last two weeks of my life analyzing the concept of leadership for my first English essay of the semester. After this great time of contemplation and concept seaching, it is hard not to marvel at the sad state of American political leadership today. Where is it?
Unless you have been living under a rock for the past couple weeks, you know that the state of Wall Street and our market is unimaginably terrible. Lehman Brothers has filed for bankruptcy, Fannie Mae and Freddie Mac were bought out by the government, and more. America NEEDS a leader now, somebody to step up and take America out of this muck with a clear economic plan and a good dose of confidence. Naturally, you would look to the President of the United States for that leadership, as he is the man elected to lead America under these circumstances. However, that leadership is absent, as it has been for the most part over the past eight years. Bush tried to take action. He announced how dire a situation we were in and how urgent action was. He proposed a $700 billion dollar bailout plan, easily the largest in American history.
You're thinking. Wait? He acted quickly and solved America's problems. Right? Wrong!
Today, the House of Representatives rejected the bailout plan and America is back to square one. Again, Bush and his cabinet are unable to step up for America. Clearly, their plan was not strong enough or convincing enough to win over the House. America desperately needs a leader, someone to take charge of our economy, and that leader just isn't here now. That upsets me and scares me to an extent. What if another attack were to happen? What if the markets drop even further? Who is going to be America's savior? Obama? McCain? I don't know the answer to that question, but hopefully it will be answered itself in the near future. Happy investing...
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