Mr. Bush fails to realize that the root cause of the financial crisis is not the housing decline. The root cause is the greed of Wall Street CEOs, including his current Treasury Secretary, the failure of government to enforce existing rules to protect consumers and the greed and recklessness of Main Street USA as they attempted to borrow their way to prosperity. In the classic Washington fashion, the banker bailout bill was repackaged by Washington PR maggots into the Main Street Rescue bill. This is what constitutes progress in Washington.
GWB lacks the fortitude exhibited by Andy Jackson who opposed the banking industry when he succeeded in destroying the National Bank by vetoing its 1832 re-charter by Congress and by withdrawing U.S. funds in 1833.
No comments:
Post a Comment