The Economy today

This week, President Bush solicited Congress to accept his economic plan.

I have listened with interest as the many economists and politicians around the country have offered their solutions to our economic ills.

What is great about America is the resiliency of the American people.

The issues that impact our prosperity are rather complicated and interrelated. Whether Congress accepts President Bush's Plan or not is probably not the most important issue. What is important is the way that the American people continue to be resilient and whether or not the morality of the American people will keep us strong and prosperous.

It seems to me that the debate needs to focus on the age old argument of capital versus labor.

President Lincoln focused on this issue as did President Theodore Roosevelt.

The concept is simply one of the propensity to consume, to save, to invest and to make wise economic decisions.

A lot of economic decisions are not wise. But they are made as a result of current economic policies, conditions and expectations. These three items change as a basis of the choices that individuals, corporations, and government make under the existing conditions.

I applaud those in government who work hard for us, hopefully to create the propensity for us to make the best decisions possible.

I would recommend that we first and foremost focus on a strong and stable dollar; secondly, a proactive energy policy; thirdly, a more equitable and less costly healthcare policy; and fourthly, a strong American balance sheet.

If we will then wrap this with honesty and morality, we are going to be fine and good things will happen.