In this dire financial crises, the meltdown of our financial markets and all the other catastrophic descriptions of the current situation, is there nothing profoundly simple and sensible that can be done to calm the chaos and burgeoning sense of panic that is coming on us like Hurricane Jake? The president has called the presidential candidates back to Washington to participate in the crises discussions.
Although it's tough to get our minds around it, the question seems to be whether to turn over $700,000,000,000 (that is seven hundred billion dollars) of our taxpayers' money to an individual, or a group of individuals, and possibly a second group of individuals with "oversight," all of whom presided over the country's economy as we moved into this disaster zone in the first place. In a joint statement, the candidates, McCain and Obama, said that the bailout plan was "flawed" but the effort to protect the American economy must not fail.
If there is any comfort in that, I am a nectarine!
So what can be done to give the American people whose money is up for grabs and grabbers some comfort? Something profoundly simple and and sensible. To paraphrase Johnny, the immortal bellhop in radio commercials of an earlier age, "Call for Warren Buffet!."
Warren Buffett, granted by financial experts everywhere to be the number one investor in the world, a noble man among the world's wealthiest, having already donated his many billions to good causes following his demise -- and a man who has already invested five billion dollars to save Goldman Sachs.
It's a good bet that if Goldman Sachs makes it through, Mr. Buffett's involvement with them will prove to have been a good investment as well as a bailout. Why not call in Mr. Buffett as the people's representative? I would have more faith in him to protect my piece of that seven hundred billion than anyone else on the scene -- and to see to it that I was accounted to responsibly -- and even made a buck if things turned out well and a buck was to be made. If this idea isn't too simple and sensible, I say: Call for Warren Buffett.