The Credit Crisis

It is very disappointing that no one seems able to “translate” the economic issues so that the average person can understand (a) what is happening and (b) why the bailout/rescue plan is the required solution.  From President Bush on down, the inarticulation of those whom you see on the TV is shocking.  The media is not doing much better.  Much of this is probably an outgrowth of instant communication meaning that better answers will be forthcoming as time passes, the hysteria lessens and more discussion occurs.  The “spin” and “posturing” that accompanies any discussion of these issues is disappointing. 

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