war on the recession?

Obama is calling for immediate action by Congress on the economic crisis to emphasis its importance he said, if action this doesn’t happen immediately, "Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse." Legislation may not go through until after the February recess, although both Nancy Pelosi and Harry Reid say they won’t take a break until something has been passed. He also said, the House and the Senate must "…trade old habits for a new responsibility…”. He is waving a red shirt, remember he is not yet in the White House and his estimation of the crisis may be a little hyperbolic and what worries me is that this kind of talk may demonize the Republicans in the Senate who may resist hasty legislation. They are being bought off by the promise of tax cuts, but they will only go so far when it comes to a stimulus package Will the fight to put America on its feet be Obama’s War on Terror? More and more it looks like the Carte Blanche given to Paulson was probably a mistake for it seems America isn’t getting an adequate return on their investment although the initial hysteria seems to have calmed down, only time will tell. Immediate action may be imperative but wrongheaded legislation will only make things worse.

photo from  Reverend Andy