The Economy - What to Do?
Talk about a negotiation! The major forces were at play to stem the current financial crisis. It cried for setting aside our political differences and seeking a cohesive, focused plan to stabilize the situation.
President Bush and Congress had to actually set aside their differences and work together to solve this situation. It required their foregoing power tactics to negotiate in good faith. Or did it?
Paulson's proposed plan was the focus of intense negotiations between the Administration and the Congress and, of course, both Parties. Unfortunately the situation was so desperate that the issues became diverted to add-on riders and special-interest amendments.
It appears that Congress ignored the interests of the American people and protected their pork barrel add-ons. Was this good negotiation? Of course it was. The Congress had the power to hold the Administration up to ransom and did so. BUT, the People of this great Country have seen how they acted and will not soon forget.
Congress may have won the battle but in so doing may have jeopardized their standing in the eyes of America.
Remember, when negotiating you may have several audiences. The misuse of power may win a victory but at what cost?