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| Home Front Economy |
| Obama aims to get credit flowing again |
| 2009-01-26 |
| Obligatory warning: This is NOT Comedy Central. |
| Posted by:tipper |
| #4 At some point you also have to address the unidirectional growth of government spending and the regulatory state. There are limits, if we've not reached them we will in a few yeas. |
| Posted by: AzCat 2009-01-26 18:45 |
| #3 You confirm Tim Geithner as Treasury sec..... oh wait. |
| Posted by: Besoeker 2009-01-26 18:44 |
| #2 You want to restore the credit flow - restore integrity. You fire the regulators who sat-by an did nothing to enforce margin and backing for trades because they were compromised just like Arthur Anderson was by Enron [familiarity breads contempt of the system]. You fire the regulators who put imagined paper growth over the integrity of the system if that meant a down turn in the markets. You prosecute politicians who used their influence and friends to undermine sound fiscal practices for non-fiscal social programs. Until you address these key failures, you can keep printing and pumping paper into the markets and they'll respond like a dead frog leg to an electric stimulus. You'll get twitches but no life in the creature. |
| Posted by: Procopius2k 2009-01-26 18:20 |
| #1 Someone characterized the Obama plan as a massive transfer of wealth from the politically unconnected to the politically connected. |
| Posted by: phil_b 2009-01-26 17:36 |