What Bush Won't Say to Help the Market

Finally, there are some who place all responsibility for this problem on the Federal Reserve Board. An independent central bank is an important part of our government and economic management. I, and everyone in my administration, avoid telling Chairman Bernanke what he should do. The Fed has been cutting interest rates to help with these problems. We are confident that the Fed will act appropriately to support these policy moves, many of which they already endorse."

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So that is the speech we should see. You will not see this message in the State of the Union Address, but maybe you should. It is unfortunate that the credit crisis has come in the last year of the administration of a president with low approval ratings. It has also not been approved or considered by Mr. Buffett, but who knows? He might answer the call of his country.

Finally, each proposal described has already been introduced and discussed by some leading experts. What we add here, along with a little style and the addition of Mr. Buffett, are two key elements: Making a comprehensive plan and providing leadership.

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