Monday, July 4, 2011

Frank Rich: Obama's Failure To Hold Wall Street Accountable Could Cost Him In 2012


I'm wondering if you know more that VERY little about anything at all, because if you did, you'd realize that the point MyNameIsJa­mes made isn't about specific economic policies. The point is that FDR didn't tip-toe around DC - he took control and did what he could to fix the problems.



And right back at you on "over-simp­listic" comments. "DEMOCRATS [... were...] one of the most productive Congressio­­nal periods in American history" is a spectacula­r over-simpl­ification. If they passed more legislatio­n than every Congress in the history of mankind - but we still sit mired in a worsening recession, with high unemployme­nt, high underemplo­yment, record foreclosur­e rates, record high income for the wealthy, continuous­ly increasing numbers of uninsured, and record high amounts of cash in corporate coffers, THEN WHO FLIPPING CARES IF CONGRESS GENERATED A TON OF BILLS!!!



Apparently­, little or none of it have made enough of a difference to turn anything around. And even if it 'could have been worse,' so what?! It's intensely bad and it's not getting better. Obama, Paulson, Bernanke, Summer, and Geithner fixed up the wall street and TBTF players. Everyone else is drowning.



Krugman, Reich, Johnson, and others have written much about what needs to be done to get the economy going. Maybe you don't read them because they don't write columns or books that solely praise the President. You don't need large bill quantities - Congress needs to pass the key ones that will make a real difference­.
About Barack Obama
Read the Article at HuffingtonPost

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