Weeks ago House Representatives refused to award the auto industry a blanket bailout or even a bridge loan. Policymakers insisted they must see a reasonable plan to revamp a business near bankruptcy. The legislators set a deadline for delivery of the proposal, December 2, 2008. This same date was reserved for another auto review; in Florida a delayed vote on emission regulations would finally be realized. The two tales may seem separate; certainly, the cities where Congresspersons will meet are far apart. Nonetheless, the sagas are inexorably connected.
There have been a lot of argument about what should be done with AIG. A lot of so-called liberals have spoken out against corporate buyouts. I say so-called because this is, by far, the most socialistic action our government has ever taken. And, by republican standards, everything socialistic is liberal, so we should all be jumping for joy.
But liberals are pissed about the golden parachutes for CEOs. However, while absurd CEO packages are a symptom of the underlying problem, they are not the cause.
Follow me after the jump.
When I grew up, my father owned a computer consulting firm. On each of his business cards was his firm's slogan. In that slogan is an idea that many people, especially in today's age of high speed internet and rapid response blogging, fail to understand. It's a simple idea.
There is time to do it right.
It's a slogan that reasonably explained my father's idea about his work. He believed that it is better to spend more time on a project and get it right than try to push something non-functional, bug-ridden, etc. onto a customer. It has had the effect of maintaining an incredibly dedicated customer base to his company.
Note that this slogan does not imply there is an infinity of time to get the job done. It implies that you can rush and put in a patch job that makes a bigger mess of things in the long run, or you can work solidly and get the job done right the first time. You can overreact to an issue and hack something together that deals with it in the short term, or you can lay out a plan of action and follow through on it and have a fix that lasts longterm.
So what does this have to do with political strategy?