Tom Friedman, who I enjoy, had a piece a few days ago about the severity of the economic crisis and how Barry O needed to focus on it to the exclusion of all else.I agree.
He ended his piece however, with the following:
Which is why I wake up every morning hoping to read this story: “President Obama announced today that he had invited the country’s 20 leading bankers, 20 leading industrialists, 20 top market economists and the Democratic and Republican leaders in the House and Senate to join him and his team at Camp David. ‘We will not come down from the mountain until we have forged a common, transparent strategy for getting us out of this banking crisis,’ the president said, as he boarded his helicopter.”
Sometimes I comment on these things, I really do not know why. Here's what I said:
"great piece Tom, big fan but you lost us on the final paragraph:
20 leading bankers = oxymoron.
20 leading industrialists = not American
20 leading economists = did not see this coming and perpetuated it.
bring in outside the boxers: Roubini, Schiff, Taleb, Volcker, Soros, Steve Jobs and non-beltway Wall Street types and we can solve this, the guys he/ you would have in the room right now, just aren't up to it."
— Brian, Los Angeles
People liked it. As a matter of fact it was the second most Reader Recommended comment at 487 recommendations. #1 was the usual partisan "all Republicans are awful" job, so not bad.
And so I feel pretty good about popular sentiment here, the idea that we get it while the Washington Wall Steet axis, including the MSM still clearly does not.
Then a couple days ago, I was hearing about the Slow Money Movement on the radio. Yes, it was NPR. Go ahead, make your own joke about the NYT, yoga and NPR. I was however, not drinking a latte at the time.
Any way, the point is, I see a revolution coming, hopefully peaceful, hopefully with enough people getting it within the system that the machine is not completely upended.
If it is upended, well then, we'll deal with it.
More on Slow Money next time. Have a great weekend all.
I'm going off the grid.
Survivalist training.
