Cowardice!

Cowardice is what you can call the recent developments in Washington. Here's the bottom line. The Democrats have enough agreement within their ranks in both houses to pass The Great Banking Bail Out Package of 2008. In the senate, there are enough Republicans that are willing to go along to make it look nice and bipartisan. The house, however, is a 'problem'. The house Republicans do not want to agree to the Administration's plan. The Democrats could still bring a bill to the floor and pass it but they are cowards. The right thing, the 'Country First' thing and the 'Change We Need' is for the Democrats in the house to pass the bill. But they're afraid of short term political considerations - that the voters in their districts who are angry will vote them out of office.

There are worse things in life then losing elections for the doing the right thing. Time to man up and get our lending institutions back on track with the appropriate supervision in place. Waiting will do only one thing - make the problem even worse and force them into making a decision while they watch the stock markets collapse. Time to put the 'L' back in Leadership.