It seems like the man with a plan for solving the Iraq War has No Plan for solving the economic crisis.
WASHINGTON (Reuters) – Democratic presidential nominee Barack Obama said on Friday he supported efforts by the U.S. Treasury and Federal Reserve to shore up confidence in the financial markets and said he would hold off from presenting his own economic recovery plan.But mister we has proposed no bold and decisive action. I guess voting present is bold and decisive for him. No doubt he has to confer with Jim Johnson and Franklin Raines before he can take any bold action. Or perhaps he has to visit the Mudd hut to find out what to do. After all the man whose name is Mudd personally thanked Obama for his help. And why shouldn't he? The man whose name is Mudd wound up with a 22 room Colonial mansion in return for assisting with the destruction of Fannie Mae. I'm betting that Obama is now wishing that he only had slum lord Tony Rezko to worry about.
"The events of the last few days have made it clear that we must take further bold and decisive action to shore up confidence in our financial markets and avoid a deepening economic crisis that could jeopardize the life savings and well-being of millions of Americans," Obama said in a statement.
One thing you can say for sure. Mr. Obama appears to have a lot of friends who are real estate geniuses. People who can take trillions and turn them into billions while making a tidy profit on the side.
It is my opinion that given his understanding of economics, we should all work hard to help Barack Obama keep his Senate seat.
Cross Posted at Classical Values