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Home > By DEPARTMENTS > Finance and Financial Management for Green Business > Investment and Funding for Green and Sustainable Programs and Business Development

The Bailout From Main Street's Perspective

Sustainable attitudes are part of a real bailout of our economic binging...

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I watched the first Presidential debate of this runoff election campaign (2008) last night and watched as candidates O'Bama and McCain skirted the reality of our economic future. I was left with the question, "Will the next Presidency be shaped by the financial attack on our citizens the same way the Bush Presidency was shaped by 9/11?"

And the candidates have not changed their campaign platforms in light of the new reality that is socking us between the eyes. Is that realistic?

You might have noticed that I haven't written anything about the economic "levee burst", as some are calling the credit, investment banking and regional bank meltdown. I'm part of the "main street" that is characterized as not quite sure what it all means. Last night I realized that the candidates for President don't really know what it all means, either.

The basic question facing us folks out here in the byways of America is how to protect our families. And that is what sustainable communities are all about. And sustainable businesses.

A recent commentary by Alyce Lomax on Motley Fool did a good job of reflecting my own personal musings and questions about this situation. "Bailout: The Sucker Punch" looks at the economic picture from the backside, and concludes that "I'm not getting a clear idea that this bailout will address an important issue: We need to become a nation of savers again, not debtors, and that applies to the government, companies, and individuals. I hope that becomes part of the conversation, because bailout or not, our attitude is unsustainable."

So if you've been saving, working hard, and hoping to buy a house or expand your business when real estate prices fall to reasonable prices again...check out her article.

Edited by Carolyn Allen, owner/editor of California Green Solutions
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