The Government Doesn’t Get It

July 15, 2008

Innovation is hard.  As a concept, innovation is not something that just happens on its own, hence the whole point of this blog.  It becomes even harder for those of us that are not used to and have not been built on innovative principles and experience.  Case in point, our government.

The government has never been an institution that has embraced change all too well.  They are slow to move, slow to act, and quick to defend the old ways of doing things when presented with change.  When presented with a situation in which change is necessary, they don’t know what to do.

One example of this is the current economic conditions.  They know that certain things must be done to help the individuals and the companies that have been hurt the worst.  The Federal Reserve has arranged buyouts and bailouts for struggling financial institutions.  Congress approved a stimulus that put billions of dollars back in the hands of consumers.  And now everyone seems to be debating what to do about Fannie Mae and Freddie Mac.

Short term fixes and get out of jail free cards will never get at the heart of the problem.  These are not solutions because they do not address the underlying issues in the financial institutions.  They are just cover ups, like medicine for the common cold.  I am not going to sit here and say that I know what to do, but the government needs to take a long hard look at themselves and realize that in this day and age, they need to be able to adapt to change quickly and decisively.  No longer can partisan politics keep this country from moving forward.  It causes more pain in the end when we hesitate or do nothing than simply taking action.

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