Uppity Wisconsin

Forget the $770 billion taxpayer bailout for Wall Street. As one top economist with the Atlanta Federal Reserve has said, we got snookered.

The real money game has been quietly taking place through 11 programs established by the current administration and the Federal Reserve Bank over the past 15 months to guarantee more than $7 trillion of U.S. taxpayer-backed loans to banks. Which banks? And what type of collateral is being offered to guarantee these loans? That's none of your fracking business, little taxpayer person!

To borrow a line from Art Kumbalek of the Milwaukee Shepherd Express, "Man, oh Manishevitz, what a world we live in, ain' it?"

We the taxpayers are being called upon to socialize recapitalize, not only the financial markets, but now the auto industry, too. Who's next, the retailers?

Something has to be done to save the more than 3 million workers serving this domestic industry, something we sadly could not accomplish to keep the Janesville, Wis., plant alive.

The movie Groundhog Day was a gentle comedy in which the hero finally makes the right choices and gets the girl in a crowd-pleasing happy ending. But in 2008, Groundhog Day has become a national nightmare in which we, the heroes, may have only one chance to get it right. Each day we wake up hoping to find a leader who has the intelligence to understand how best to navigate our current crises and the discipline to hold a steady course through our economic perfect storm that is wracking Wisconsin and the rest of the nation. But again and again, rational deliberations are drowned out by voices that tell us to fear those who are not like us, because Joe Sixpack and all those hockey moms have what it takes to preserve the freedom and greatness that we inherited from our founding fathers: Washington, Adams, Jefferson, Hamilton, and Madison, just your ordinary kind of guys. On November fourth, the alarm clock will awaken us for what may be our last best shot at preserving Wisconsin's economy and making the twenty-first century an American century. After eight years of shooting ourselves in the foot, how can we avoid shooting ourselves in the head?