Tuesday, September 30, 2008

I believe in America

America is the country that taught us the spirit of freedom, social commitment and entrepreneurship. A great country with a great destiny, America’s great fortune was its blessing with great leaders. From Thomas Jefferson to the regretted JF Kennedy, America's leaders had the vision and the power to commit to and fulfill the legacy bestowed upon them by their Founding Fathers. Yesterday was a historical day. Once again, the leaders of the great nation rose to the expectation. By rejecting the bill to help crippled banks with 700 billion $, the Congress showed that the Americans are no nation of whiners, as one top political figure commented not so long ago. In fact, all the whiners are to be found on the Wall Street, jittering behind their desks, watching how the Dow is melting, along with their not-so-long-ago pried skills of talented investors and financial innovators. Not being fooled by the pathetic lamentations of Mr. Paulson, seconded by Mr. Bernanke, I believe that the American congressmen took the right decision, a decision that will restore America’s might and integrity, a decision that will wipe out the ineffective institutions and rotten business practices, clearing the path for a solid and healthy growth and for a reassessment of the role of financial institutions in the overall economy. If I could, I would convey to Mr. Paulson the advice that Mr. Corleone gave to Johnny Fontane when the singer was complaining about the misfortunes in his life, in the legendary Mario Puzo’s opera: –What to do, What to do?..Be a man, that’s what you should do! And to the American people, who, no doubt, will once again be confronted with hard times ahead, I could remind the message (adaptation) that another legendary leader delivered to its fellow compatriots, when faced with difficulties far greater that today’s misfortunes: “…Let us therefore brace ourselves to our duties, and so bear ourselves that, if this country was to last for two hundred thirty years, men will still say, 'This was their finest hour.' ”

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