Monday, September 29, 2008

Who me? I Blame Pelosi

I blame the failout's defeat on Speaker Pelosi Speaker Pelosi is not a leader She should resign. Repeatedly, she has proven to be absolutely clueless when it comes to leading the House of Representatives. Most recently on energy. Now the failure of the "failout" tragedy. Yes, I blame President Bush and his 'system' (I use the word system very loosely here) for a significant portion of the meltdown in the financial market. His appointment of Secretary Hank Paulson of Goldman Sachs to chief of the U.S. Treasury was a huge mistake. Happen to notice how many times the Goldman Sachs firm seems to be "inside" on big giveways of late? Bernanke should also resign. While I am at it, Jim Cramer (Mad Money) needs to buy a clue... Wachovia died and was buried years ago when the crooks at TransUnion bought them out and kept the name to hide the dirty deeds performed under the TransUnion banner. Cramer should have known better. Now, once those changes are made, we can start to piece the solution together. Newt Gingrich is the only other person that I can recall that has asked for the repeal of Sarbanes-Oxley. It has robbed more productivity from American businesses than any other single law in history. And as Newt points out, its requirements did not ring a single alarm at any of the businesses that have ceased to operate in the last 60 days. Do we need to pull T. Boone Pickens off his efforts to fix our energy crunch? Is there no one in America that has a clue? -ski P.S. Like 90% (or more) of the taxpaying U.S. Citizens, I apposed the bailout/failout. Yes, we need something... but to throw more money at the idiots in charge is not the answer. We need a plan. Directed at the core problems. Not a $700,000,000,000.00 band-aid. P.P.S. Just discovered this letter from some of the leading economists in the country.
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