Last Updated Sep 29, 2010 11:37 AM EDT
- Own up to the problem.
- Make things right.
- Let everyone move on.
And while the federal powers-that-be did manage to keep us from plunging into a global depression, since then, it's really been up to congress to drive legislation that will fix the housing mess, free up credit, create jobs, foster business growth, and generally create an air of certainty that what needs to be done is being done. In other words, to manage the crisis.
Not only has congress failed to do that, it's somehow managed to make matters far worse. In addition to high unemployment, slow growth, limited credit, and record housing foreclosures, now we've got a record federal deficit to worry about, too. Somehow, a short-term crisis has morphed into long-term uncertainty and fear about our nation's future.
For that, Congress gets an F in managing the financial crisis. But instead of just shooting from the hip, let's take a look at congress's performance in terms of the Three Elements of Effective Crisis Management. Just click the link below to see how congress stacked up: