Bonnie Erbe

Obama Administration Has No Clue How to Handle Financial Crisis

February 20, 2009 RSS Feed Print

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By Bonnie Erbe, Thomas Jefferson Street blog.

Why does this give me no confidence?

The following piece in today's Washington Post signals to me that nobody in the Obama administration

has figured out what to do about the current economic crisis. The markets clearly have not been calmed, sinking as they continue to do. Washington politicians call for bipartisan commissions to study problems and recommend solutions when issues are either so hot the politicians themselves don't want to touch them, or they don't know what to do about them. Listen up, changelings, you wanted change and you got it. Now we're all having to suffer through its result:

President Obama and Vice President Biden plan to convene a White House "fiscal responsibility" summit Monday afternoon to launch a national conversation on how to put the nation on sounder financial footing.

The administration is still finalizing a guest list of more than 100 participants—a mix of Democratic and Republican lawmakers, economists, policy specialists and special interest group representatives.The three-hour, high-level gabfest, which will be open to press, begins in the State Dining Room with remarks by Obama and Biden. Participants will then be divided into five breakout sessions, before a wrap-up by the president.

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When his views are pretty much the same as Bush's.
Come on people. Wasteful spending is wastefull spending no matter how you look it. No cuts have been made.
Look at it as an addiction. The U.S. is addicted to money and greed.
Bush threw money at it, and Obama is throwing money at it.
The difference?
Bush threw Rum at alcoholics.
Obama is throwing them Scotch.
Just more wastefull spending in different areas. CUT spending PERIOD. No ifs ands or buts.

David of NC 11:28AM May 18, 2009

I love how you created your own science fiction movie here. Bush is only a PART of the big picture. This goes back to well before him to the 70s. It's ALL of the Gov'ts fault. They have ALL played the same game. Borrow more and spend more and print more more more.
Obama is doing exactly what Bush did, who did exactly what Clinton did, who did exactly what Sr Bush did, who did exactly what Reagan did, who did exactly....... ah you get the picture.
The only difference between republicans and democrats today is where they want to spend wasteful spending. That's it.

Daviid of NC 11:11AM May 18, 2009

Stop ya'll cryin. IF ya dumb behinds wouldn't of voted for Bush in the first place, we all wouldn't be in this economic crisis and now your mad at Obama because he can't bring your money to you fast enough, well that's what you get!! next time don't think about the money when voting for a president. Think about what it is this president can do to help this country as a whole, to keep us on top. because money can't buy you happiness, and we all knew that Bush couldn't bring us nothing but misery and sorrow and he did just that.

Pissed Off of PA 7:21PM March 26, 2009

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Obama Administration Has No Clue How to Handle Financial Crisis

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