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HomeFrom the Archives: The Greatest Generation
Posted by Larry Doyle on March 29th, 2009 5:30 AM |
Our economy and country are experiencing challenges which will not be fixed in short order. While our economic foundation is being tested, is our moral fiber being questioned as well? I would clearly say it is. While I am not here to address specific social questions of a moral nature, I remain convinced that as a nation we need to rediscover the virtues of sacrifice, decency, integrity, love of family, and love of country. While the media may put these topics in the category of political correctness, any fair measure or assessment of our nation on these topics would, in my opinion, show us to be deficient.
In light of that, I believe an increase in civil service is necessary and important to redirecting our nation. I called on this civil service to be mandatory last November. My call was not well received but that is OK, I do not write to be popular.
How prophetic that a measure passing through the House and Senate for Expanding National Service is receiving strong bipartisan support.
I am happy to share my piece from last November, The Greatest Generation, with our newer readers.
LD
“The Greatest Generation”
Posted by Larry Doyle on November 14th, 2008 7:45 AM |
I commend HRC for providing some real leadership at this point in time. There is no doubt that our country is screaming for real leadership. From Washington to Wall St. to Main St. our citizens are looking for people and programs that will look forward and take the vital and necessary steps to change our national mindset. Do you get the sense that perhaps some supporters of BO are getting a little nervous and now realize that he is a very high risk President-elect?
HRC’s stimulus proposal addresses a number of fronts (expanding unemployment insurance, addressing Medicaid, funding infrastructure projects and clean energy, modify mortgages) which will need focus from Congress to create a demonstrative impact on our economy. Some of the programs will clearly be impactful while others may have unintended negative consequences. We will have to take some prudent but necessary risks to achieve positive results.
The TARP bailout/rescue plan proposed to date has not inspired confidence nor generated any real impact for three reasons:
1. the banks have such sizable embedded losses that the funds already injected are being and will be used to recapitalize the balance sheets …
2. investors have little to no appetite to purchase loans currently on the banks’ books which were not properly underwritten and will likely continue to suffer an ever increasing level of delinquencies and defaults …
3. little to no demand for funds due to the fact that most individuals and institutions are looking to decrease their debt service not increase it …
As a result our economy spirals downward. HRC’s plan addresses some of our most serious needs. I commend her. (more…)
