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Posted by: Tcaros 1 year ago
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Tcaros1 year ago
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Hmmmm.... Who is William Frist?
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It is addressed to William Harrison Frist, M.D. was a Republican U.S. senator from Tennessee from 1995 to 2007. He served as Senate majority leader from 2003 to 2007.
He was the SENATE majority leader and a Republican. Did he act on it?
(this is why McCain is not trumpeting this letter- it was addressed to Frist)-
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nostalgia1 year ago
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And Obama is trumpeting his letter - he mentioned it in the last debate
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Who was it addressed to?? Chairman Bernanke and Secretary Paulson
Two people who had no power to write legislation
Why wasn't the Obama letter addressed to Harry Reid or Chris Dodd?? Because it was a CYA exercise
If you recall from the last debate Obama also said he went to Wall St and told them they would have to face more regulation
Wow how impressive! Somehow he seems to forget that it was HIS JOB to do that by writing and passing legislation
Sounds good until you think it through and realize that he did NOTHING-
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wtagg1 year ago
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It's funny that we are relying on Paulson and Bernanke quite a bit currently, aren't we?
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So, if the congress is a do-nothing organization, as republicans have frequently accused, wouldn't the fed head and treasury secretary be worthwhile targets of such a letter? If not, what is their purpose?
It seems to me that Obama is attempting to inform/steer organizations without further regulation by dealing with the heads of those organizations. Ironically, that would be a somewhat conservative approach.
McCain seemed to be calling for a regulatory approach. In a word - liberal.
I enjoy the irony.
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Endoscopy1 year ago
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He also said it from the floor of the Senate to everybody. The Democrats attacked the concept that there was a problem. Only after the housing price bubble burst did Obama or any other Democrat say anything. Only after the crash did they even admit there was a problem.
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Smart people Democrats. Deny, deny, crash, oh there is a problem.
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