Wall Street and Main Street

When it comes to politics, commonsense often gets pushed aside so politicians can appear as if they are doing the right thing. Winning over voters has become all too important. It is almost the only reason why many politicians run and manage to keep their elected offices.
The commitment to do the job takes the back seat especially in time of re-election and general elections. I have a feeling that most politicians either don’t have a clue or simply don’t care about the responsibilities that come with their jobs. It is tragic when public trust is mused. It appears that the current situation on Wall Street, The mixture of asphyxiating accounting regulations and the government’s unrestrained desire to help, is proven to be a recipe for a massive coronary. I wouldn’t dare bring up those folks who actually brought boxed gifts with pretty bows without knowing what those boxes contain. Even an eight-year old would want to open the box to see what is inside or even it there is anything inside of it. Just because it is in a little blue box, it is not necessarily from Tiffany’s. Yes, those who bought boxed gifts should be ashamed for having been so excessive naïveté.

Normally, with such major failure, you’d expect a decisive application of relief. Unfortunately, with the elections approaching, most of those who hold the key to undo and prevent further damage, can’t afford to risk the possibility of losing the support of the voters from Main Street. The appearance of the wrong move of “bailing out Wall Street”, may cost many politicians too many votes, in which case, they, as well as their many constituents, who will be unemployed should big old Wall Street fall flat on its face, will lose the elections and become unemployed. Of course, most politicians would not want to lose their elected offices and become unemployed. Think about it.

Rather, than do what’s right, many politicians leisurely and carefully evaluate making important decisions against winning elections and party politics, then decide which is more important. As time passes, it become more costly to repair damages expensive, but that does not take precedence- winning votes is key. In all fairness to politicians, many employees, for fear of losing their jobs would not address necessary concerns with their bosses. Get the job and keep the job at all cost mentality or get another job while you still have a job seems to be widespread.

It is not simple hatred for Wall Street or excessively paid Chief Executive Officers. As grotesquely overpaid CEO’s are, there is no Main Street without Wall Street. Main Street and Wall Streets are the recipes for a successful society.