The Cockroach Survives
Abdulaziz AlMulla
The Cockroach
The economy is slowly starting to inch itself out of the hole it dug itself. As surely as cockroaches survive anything, the U.S. economy is beginning to scuttle away from the wreckage that was.
Or is it? We keep hearing better and more hopeful statements by bureaucrats, but is that all they are? Statements? In a recent statement by President Obama (does it matter whether its prose or poetry?) slightly more confident overtones about the Economy crept through. Not to say that President Obama did not play it safe, as he always does, saying, “The severity of this recession will cause more job loss, more foreclosures and more pain before it ends.” Indeed, with 650,000 jobs being lost monthly, it’s hard to ignore. In order to prevent this happening in the future, President Obama has been pushing for financial regulation.
A lot of people feel that way, and those feelings are not unwarranted. I’m sure many students find some regulation is required after an excessive Saturday. Ben Bernanke, the Federal Reserve Chairman seems to think so, touting, “there will be a more vigilant regulatory environment going forward.”
The question remains, how do you regulate a financial market without suffocating it? Where does one draw the line? If we kill all the cockroaches, what will remain to spawn life after a nuclear holocaust? (Think on that)
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