Ostrich, meet sand
Financial Crisis Is Absent From Agendas of Parties, Candidates
Many Democrats shy away from tackling the credit crisis because of the party's historical support for Fannie and Freddie. The Republicans, for their part, are reluctant to draw attention to a crisis that occurred on their watch. The subprime meltdown isn't the only item missing from the parties' agendas. The list also includes the Democrats' failure to set out a strategy for countering Russia's assertiveness and the Republicans' silence on income inequality.
I LOVE Schumer's condescending quote:
Senator Charles Schumer, a New York Democrat, said conventions aren't the place to discuss detailed plans for dealing with the markets.
``The conventions are aimed at the average voter,'' he said Aug. 25 in Denver. ``You don't go into Quinlan's bar and ask them what to do about the'' Securities and Exchange Commission.
Of course his job is secure for four more years and then he can retire on his huge pension.
My second favorite quote is:
``We feel like we've taken a big step to stabilize the situation,'' said Senator Tom Carper of Delaware, a Democrat on the Banking Committee.
Seriously? Oy! Senator, you've done jack-all to "stabilize the situation".
``We are in the midst of the worst financial crisis since World War II,'' Stanley Fisher, governor of the Bank of Israel and a former IMF official, told central bankers in Jackson Hole, Wyoming, on Aug. 23.
Not that anyone inside the United States is listening. It's an election year and no politican will listen to, let alone accept, the truth about anything. As the article mentions towards the end, this situation is very similar to the 1930's.
History repeats itself people. I don't think either McCain or Obama have what it takes to deal with what is to come.
2 comments:
You may have a point there, LE. It
may be more a question as to which of de Tocqueville's "candidates" sits most lightly on the public elephants back, rather than one of real abilities. The dearth of clear
choices may only be a harbinger of
hard choices to come, AFTER the
elections.
" The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults."
Alexis de Tocqueville
... of course, if we ignore or can avoid admiting that some parts are broken, results may vary. Ol' de T
had remarked on the presence of Shakespeare volumes, even in houses
of poor Americans. I wonder how
widely His writings are read by the
masses, today? Ironic...
Yeah..what Grumbly said!
Tonight, I watched Joe Biden, the Sultan of Somnambulence, deliver a speech that was under 1 hour and 45 minutes..normally he can't even get through a McDonald's Drive-Thru in under an hour!
Now that the finish line is in sight you can toss out any hope of witnessing anything but 100% All American Grade-A Sunshine being pumped up yer ass at the speed of light.
Open wide and say AHHHHH!
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