Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - From who did Obama "inherit" the economic mess?

stcroixman · 12-29-2010, 08:55 PM

I consider myself a Clinton Democrat which is moderate. Full Disclosure - I did NOT vote for Obama. He was not ready

As someone in the financial sector I really think the deficit is mostly a result of 10 years of fighting 2 wars and rebuilding 2 countries and not because of the Bush tax cuts.

I also believe the financial mess is strictly from poorly regulated greedy sob's who probably bribed their accountants to look the other way. Shame on those CPA firms too.

I understand small business should not be regulated, but Financial Institutions should be. Lehman Bros, Madoff, etc. were allowed to do their thing also because of shoddy work by the SEC. No one approved the SEC to cut corners.

We invest our money with them, there should be a higher level of trust which van only result from regulation by the letter of the law.

Bottom line is Obama wanted to be president, he knew the state of the economy. By pointing a finger now he is waving the white flag.

12-29-2010, 08:55 PM	#2
stcroixman Registered User Join Date: Oct 2008 Location: Warwick Posts: 541	I consider myself a Clinton Democrat which is moderate. Full Disclosure - I did NOT vote for Obama. He was not ready As someone in the financial sector I really think the deficit is mostly a result of 10 years of fighting 2 wars and rebuilding 2 countries and not because of the Bush tax cuts. I also believe the financial mess is strictly from poorly regulated greedy sob's who probably bribed their accountants to look the other way. Shame on those CPA firms too. I understand small business should not be regulated, but Financial Institutions should be. Lehman Bros, Madoff, etc. were allowed to do their thing also because of shoddy work by the SEC. No one approved the SEC to cut corners. We invest our money with them, there should be a higher level of trust which van only result from regulation by the letter of the law. Bottom line is Obama wanted to be president, he knew the state of the economy. By pointing a finger now he is waving the white flag.