Friday, January 22, 2010

Oh bummer!


The timing of Obama's statement about separating the commercial and more speculative activities of American banks was awful. He should have announced this months ago. To make such a statement, with no details, at the end of a week which saw him losing one of the safest Democrat seats in the country, probably having to shelve his healthcare bill and looking foolish when Goldman Sachs announced big bonuses along with a record profit of $13.4bn in 2009, simply highlights his weakness in rushing for any political capital he can get.

4 Comments:

Blogger kinglear said...

Yup a right bummer. But it also shows him as the Tony Blair of America - vapid, clueless, but a great speaker.Patrick Buchanan on Takimag has a brilliant piece on his lack of nous that ends with how to defeat him in 2012:
What the McDonnell, Christie, and Brown victories teach is that the GOP should stop listening to the Wall Street Journal and start listening to these forgotten (White) Americans.
An end to affirmative action and ethnic preferences, an end to bailouts of Wall Street bankers, a moratorium on immigration until unemployment falls to 6 percent, an industrial policy that creates jobs here and stops shipping them to China appear a winning hand in 2012.

11:12 am  
Blogger Welshcakes Limoncello said...

Well, I suppose he has to, doesn't he? He's only been there a year, after all.

9:53 pm  
Blogger Ellee Seymour said...

And on top of the Republican's victory:
http://blogs.wsj.com/washwire/2010/01/19/scott-brown-wins-in-massachusetts-a-reaction-round-up/

8:43 pm  
Blogger Winchester whisperer said...

Hi KL - let's dream of a free market where banks are allowed to fail.

I still think he should have announced it earlier, WL

Well, Ellee, are you betting on Palin?

9:46 am  

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