I'm certainly no expert on high finance or any finance, if truth be told. But it's very clear that we are in serious trouble. Lehigh County Commissioner Dean Browning, who does understand high finance, calls it a "raging fire."
Now might be a good time to forget about the politics.
I could see that yesterday in Congressman Charlie Dent's hastily arranged telephone press conference. He believes Congress should remain in session to resolve this matter instead of applying a quick fix on Friday. He's running in a Democratic district, but politics was the last thing on his mind.
Presidential candidates Barack Obama and John McCain have issued a rare joint statement. "Now is a time to come together - Democrats and Republicans - in a spirit of cooperation for the sake of the American people. The plan that has been submitted to Congress by the Bush Administration is flawed, but the effort to protect the American economy must not fail."
McCain has actually suspended his campaign to return to Washington, something Obama is strangely unwilling to do. David Letterman, miffed that McCain exalts governance over an appearance on late-night TV, snarks "You don't suspend your campaign. This doesn't smell right. This isn't the way a tested hero behaves."
Actually, it is.
Obama and McCain have been running for President for two years. We've been inundated with ad after ad from both of them, sitting U.S. Senators who were elected to govern. The nation is in turmoil. Both of them belong in Washington right now. We need them both.
Believe me, we'll survive with a week's less campaigning. But if we go into another Great Depression, people will die.