It’s time for the US Bureau of Engraving to get busy – there’s work to do in clearing up the mess. At least Wall Street is longer in charge says Philip McBride Johnson.
Well into the worst financial crisis in memory, we now
discover that a few billion here and a few billion there simply
will not suffice. The nodding heads speak of trillions of
dollars (or pounds or euros) to be sent somewhere for the
purpose of doing something.
The stated aim is to provide relief but
not to carry the analogy too far the outcome seems
eerily like what happens after a long night of binge
It is comforting to see that president-elect Obama does not
pursue hair-of-the-dog remedies by identifying who caused the
mess and then putting them squarely in charge of a wishful
recovery. He is appointing people some of whom I know
(though they might deny knowing me) who have cleaned up
other peoples messes in the past.
They will not be easily distracted by silliness, such as
proposals to reorganize the government. Rather, they will seek
to generate new jobs, especially at the Bureau of Engraving,
where a 24-hour operation will be a necessity indefinitely, and
at the Department of Treasury, where sales of US debt to
sovereign wealth funds will surge.
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