Organizing for America | The Good Fight: Let's Take a Leadership Role

Let's Take a Leadership Role

By Joseph - Sep 29th, 2008 at 4:37 pm EDT

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The can-do campaign of Barack Obama is based in part on the idea that we as a people produce a broad variety of talented individuals and fresh ideas that can help us adapt to changing circumstances and meet the challenges of a crucial moment in our history. Is that not very much what we're facing now with the financial crisis? Barack Obama understands the underlying banking problems that have led to this — this is in part why he fought predatory lending in Illinois.

Let's demonstrate the leadership potential Sen. Obama brings to this issue by getting involved to bring together conservatives and progressives, Republicans and Democrats, to do something to make this happen. Let's propose:

Paulson cannot be the centerpiece; he cannot be allowed to have unconstrained power over these dollars;
We have to do this responsibly; we can't just borrow from foreign governments;
'Nationalization' is not the only way; let's use this money to help make room for viable private-sector deals;
Infrastructure: let's devote a part of this money to credits for banks that help fund infrastructure development;
Green investment: clean sustainable energy is the future, let's help banks make that bet;
None of the above can be policy-motivated, they have to be shown to be economic staples of our nation's future, and a sure way to make money from this deal;
Taxpayers need some guarantee this is not just good money thrown after bad: tough dealing with Wall St. recipients is a must; taxpayers need to be repaid...

We can do this; Barack Obama's vision of hope and renewal can fit into this moment and help us steer the nation forward. It's absolutely right to avoid injecting presidential politics into the bipartisan solution, but we need the kind of bold, principled, visionary leadership Sen. Obama can bring to this and to so many other issues.

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