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Posted by: nostalgia 1 year, 1 month ago

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nostalgia1 year, 1 month ago

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And Obama is trumpeting his letter - he mentioned it in the last debate
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, 1 month ago
  
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  It's funny that we are relying on Paulson and Bernanke quite a bit currently, aren't we?
  
  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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