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| Economy |
| Five Pillars of Obama |
| 2009-04-19 |
| Lots of religious references in this Charles Moore commentary out of the UK. Including an Islamic one. On Tuesday, at Georgetown University here in Washington, Mr Obama spoke about the economy. I was told that the White House, hypersensitive to conveying the wrong visual message, insisted that the university's device, which includes the initials IHS, the traditional, particularly Jesuit, abbreviation for Jesus Christ, be obliterated from the backdrop. But the President invoked the Sermon on the Mount all the same. He reminded his audience of how the well-meaning attempt to spread home-ownership in America had been perverted into forms of debt so ill- or unsecured that they had provoked the world financial crisis. He repeated Jesus's parable of the two houses. One was built on "a pile of sand", and so fell when the rain came. The other was built upon a rock. "We must build our house upon a rock," said the President. The house that Barack wants to build is architecturally grand. It will have five pillars, he announced. The first is that Wall Street will have new rules to reward "drive and innovation, not reckless risk-taking". The last is that "new savings in the federal budget... will bring down the debt for future generations". Sandwiched between these pillars are the other three. Each of these involves "new investments" -- education, renewable energy, and health care. This, said Mr Obama, would be the "new foundation". rtwt |
| Posted by:Glenmore |
| #2 I was told that the White House, hypersensitive to conveying the wrong visual message That would be Barry in the Oval Office of the White House. |
| Posted by: Besoeker 2009-04-19 13:28 |
| #1 "...the well-meaning attempt to spread home-ownership in America had been perverted into forms of debt so ill- or unsecured that they had provoked the world financial crisis. Was that some kind of apology for previous Democrat administrations' Community Reinvestment social engineering irresponsibility? And who does he expect to believe the he won't do, and isn't already doing, the same sort of lame-brained, thing, albeit probably on a much greater scale, during his own presidency? |
| Posted by: Bulldog 2009-04-19 11:05 |