More fodder for Obama/Biden

[striperman36]

Looking backward, it's clear that the Bush administration needed a more comprehensive approach. The last time the financial system imploded, in the 1930s, the Franklin Roosevelt administration combined government recapitalization with tough regulation. But the government-loathing Bush administration has pumped in capital only in fits and starts, and remains allergic to regulation.
Looking forward, the next administration will need to do the job properly. If the next president is John McCain, one of his top financial advisers is former senator Phil Gramm of Texas, a key architect of the extreme financial deregulation that created this mess.
Barack Obama might be more like Roosevelt. Indeed, if Obama does a more effective job of connecting the dots between Republican ideology and the current financial crash, it might even save his faltering campaign.
Robert Kuttner's new book is "Obama's Challenge: America's Economic Crisis and the Power of a Transformative Presidency.

[Nebe]

ahh good old Roosevelt..
screw the POW.. bring back the WPA..

[spence]

Originally Posted by striperman36

Looking backward, it's clear that the Bush administration needed a more comprehensive approach.

The problem is all these bow tie wearing young Republican Heritage foundation whack jobs that believe lower tax rates and less regulation is the freaking bible.

If taxes and regulation are so bad then let's eliminate them...ooops our Government just stopped working.

Same goes for the socialist freaks on the fringe left, but to be honest there are a lot fewer of them out there.

What's different this time around is that the Republican congress under Clinton used their power to change the rules so it was easier for them to get their way. Then they took K Street to new heights in an attempt to lock in their power eternally. Then Bush came along, made the lobbying issue even worse and expanded executive authority to get his way, because they're just smarter than everyone else.

It sure has made their friends really, really rich in the process. I wonder where all that money came from?

Oh yes, the burden falls on the taxpayer. And who can least afford it? Oh yes the middle class.

Obama, here's your message.

-spence