It's the Economy, Stupid

Cal Thomas | Syndicated Columnist | Wednesday, July 16, 2008

It's the Economy, Stupid

July 17, 2008

With the economy struggling, could the politicians look out for us for a change instead of pandering to groups on right and left and focusing on their careers?

Are there not economic principles that transcend party and ideological label? Can’t we have Republicans and Democrats in Congress, which has a record low approval rating, working together to fix the problems without the usual battle over who cares more for the country? Gas costs Republicans and Democrats more than $4 a gallon. This should be a non-partisan issue.

As for Fannie Mae and Freddie Mac – supposedly hybrid government and private agencies – I like what Steve Forbes said on the “Today Show” yesterday. These agencies need to be privatized and recapitalized. The Wall Street Journal suggested they go into receivership with a bipartisan czar selected to fix the problem.

The media could help by not talking down the economy. They always do this when a Republican is in the White House, but things are not as bad as the media make them out to be. They might be, though, if we don’t approach this in a way that benefits the country instead of the politicians.

Cal Thomas is a nationally syndicated columnist based in Washington, D.C.