Fiscal crisis response must not forget human cost, Bishop Murphy says

The Bishop of my former Diocese puts some perspective on the financial crisis we are in.

William Murphy, Bishop of Rockville Centre and chairman of the U.S. Conference of Catholic Bishops’ (USCCB) Committee on Domestic Justice and Human Development, has written to U.S. political leaders and the Secretary of the Treasury asking that the Bush administration and Congress make a moral response to the financial crisis.

“The economic crisis facing our nation is both terribly disturbing and enormously complicated,” Bishop Murphy wrote in his September 26 letter. “I write to offer the prayers of the U.S. Catholic Bishops and express the concerns of our Conference as you face difficult choices on how to limit the damage and move forward with prudence and justice.”

While saying that the bishops do not bring “technical expertise,” the bishop explained, “we believe our faith and moral principles can help guide the search for just and effective responses to the economic turmoil threatening our people.”

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And to add a little levity:

From Letterman's Top Ten

Top Ten Features Of The Rejected $700 Billion Bailout

10. First 500 billion comes from Regis
9. If this bailout fails, promise of another $700 billion bailout to bailout the bailout
8. To give Americans a break, this week gas is being lowered to 9 bucks a gallon
7. For $20 you can bail yourself out with the hilarious Late Show Fun Facts book available now!
6. A billion dollars to rebuild the Mets bullpen
5. Instead of securities, they're now called "insecurities." Hey, you've been great. Enjoy Richard Lewis
4. For some reason, Haliburton gets $500 billion
3. No number 3 -- economy so bad writer sold computer
2. Everything west of the Mississippi will be sold to China
1. President Bush must send every American a "Sorry I'm a dumba$" card


But in all seriousness: How did we arrive at this crisis?
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