Sign of a true leader

From Andrew Sullivan:

I posted this rather prescient letter from Obama to Bernanke and Paulson last March. The letter itself is dated March 22, 2007. As with Obama’s warnings about the possible consequences of occupying Iraq, I think this letter is worth considering as we face the consequences of the financial mortgage-rooted meltdown in the credit markets and consider the two candidates.

Here’s part of what Obama had to say in that letter:

We cannot sit on the sidelines while increasing numbers of American families face the risk of losing their homes.

And while neither the government nor the private sector acting alone is capable of quickly balancing the important interests in widespread access to credit and responsible lending, both must act and act quickly…

[A] consortium of industry-related service providers and public interest advocates may be able to bring quick and efficient relief to millions of at-risk homeowners and neighborhoods, even before Congress has had an opportunity to act. There is an opportunity here to bring different interests together in the best interests of American homeowners and the American economy. Please don’t let this opportunity pass us by.

That was over a year and a half ago. A true leader does more than react to the raging storm of an unfolding crisis; he wisely looks ahead for the coming storms.

Sullivan posts the entire letter which you can read here.