SHOOT: It's simple - if you can't pay for it (in cash) you can't have it. Blaming though isn't the answer although something can be said for owning up to what went wrong and why, and taking some responsibility for it. Instead of blaming, energy should be focussed on changing our habits. Saving, eating less meat, eating in a healthy way. Because if we care about our own health we can start to care about the world beyond the front door.
WASHINGTON (Reuters) –
The United States carries a "substantial" share of blame for the current economic crisis but the world must work together to ease the strains, Treasury Secretary Timothy Geithner said on Wednesday.
"We must set ourselves on a path so that one country, or group of countries, does not consume in excess while another set of countries produces in excess," he said. "That is very important to do, because the American people and investors (around the world) need to understand that we will have the will and the commitment as a country to go back to point that we are living within our means," Geithner said.
"To get to that point we have to get a recovery in place," he added.
EXCESSES TO BLAME
"Instead, it is an abrupt correction of financial excesses that has overwhelmed economies' and markets' self-correcting mechanisms, and so can only be ended by extraordinary policy responses," he said.
We bear a substantial share of the responsibility for what has happened |
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