Friday, January 22, 2010

Time for some spring cleaning....

I have thought for some time that Barack had little choice in his selection of many cabinet positions when he was elected. I have been watching this whole economic meltdown thing for 3 years now and we were very close to edge of economic collapse in September of 2008 and although Bush and his adviser's planned it pretty close, the missed by 5 months, to hand off to the next president an economy in such shambles as to assure whoever it was of only one term and they would have the opportunity to go right back to work lining their friends and associates pockets. That was then and this is now and I actually believe that the Fed chairman, sec of treasury and many others that were hired on at the outset of his administration and were pumped by Barack for what they knew will now be cast aside and replaced with people who have Paul Volker's mindset. The fire has been put out and it is time to investigate if the fire was arson, natural causes or criminal. It has been a year of giving Wall St all they need to get healthy and they might be out of intensive care and just resting and getting better by the day they are going to be held accountable for what they did. Barack is an economic expert and he knows what must be done. He is just biding his time because the situation was so bad when he arrived that he has allowed Goldman to front run trades, let the banks get money for nothing and lend at higher rates, let delay going mark to market on real estate all the while monitoring their real health. Trillion are involved here. There will come a time when things are better economically for, soon, to pull the trigger on reigning them in. He is not that stupid. Neither are we.


P M Prescott said...

I'm afraid Obama is becoming the biggest disappointment in history and the only thing he will succeed in is replacing George W and the worst President of all time, because he hasn't and won't change course.

オテモヤン said...