CyberSym Science and Society Blog
Economic Crisis—We Have an Ego Problem Here Print E-mail
Written by Bruce R. Copeland   
Tuesday, 30 September 2008 11:01

There is more than enough blame to go around for the current U.S. economic crisis, and we won't solve the crisis until we face our ego problem.

We have an ego problem in a President of the United States who can't/won't go to the American People with a giant Mea Culpa, acknowledging that his administration took its eye off the ball for a long time.

We have an ego problem in a Treasury Secretary who can spend hours and days trying to broker a deal with Congress, but can't take the time to explain directly to the American People EXACTLY and THOROUGHLY what the problem is with our financial markets.

We have an ego problem in corporate leaders on Wall Street who would rather allow their companies to go bust than resign or take a major pay cut to demonstrate solidarity with the American People who might ultimately keep them solvent.