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Pretty much everyone now agrees that the economy is in dire shape. How it got here may be debated, but the unnecessary, illegal and immoral war waged by our current crop of chicken-hawk "leaders" - and I use that term loosely - certainly has contributed. Decades of increasingly lax regulation of the securities and banking industries has also definitely come home to roost.

So what do our "leaders" do? They bail out the greedy bums whose questionable practices set themselves up for a fall. What's the lesson? That there are no consequences for such avarice.

What Congress and the presidency should be putting together and passing is relief for people who are losing their homes. Sorry, Mr. Bush, the $600 won't help with that. Sure, we'll all be happy to have it, but a stimulus is not what we need, nor the reshuffling of the regulatory agencies that's been offered in lieu of real reform.

We need complete reform of the financial industry, and we need a mechanism for restructuring the predatory loans that are causing such havoc. And let the architects of this mess bear the brunt of the pain, not the public.

If the Democrats when the presidency and secure more of a majority in Congress, they will have no excuse, and they had better deliver real reform. If we don't get a handle on this, and fast, thing could get real ugly.

– James Israel
Publisher/editor

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