November 12th, 2008

Going Down

Yes, I understand that there is only one President at a time. I also understand that President-elect Obama is still a U.S. Senator and putatively the new leader of his party, as well as the soon-to-be leader of the country.

Given that the stock market has declined pretty abruptly on every day save one following the election, it would seem like just maybe someone ought to get out of Chicago, back to Washington, and show some leadership in trying to put together appropriate legislation. Given that the financial markets generally abhor uncertainty, it would also seem like it might be a good idea for our President-elect to announce which version of tax policy he intends to call for sometime soon, because he hasn't said.

Unless, of course, the objective is to see exactly how bad you can help things become before January 20th through your simple inaction. I'd like to believe that's not the objective.

Doing something would be a good start.