How Is President Obama Doing?
How Is President Obama doing?
See January 25, 2010 Wall Street Journal "The President's Bank Reforms Don't Add Up" op/ed piece by Peter J. Wallison at http://online.wsj.com/article/SB10001424052748704509704575019333516533828.html?mod=WSJ_Opinion_LEFTTopOpinion
"Restricting loans to real estate virtually guarantees another bank crisis in the future."
"After the Democrats' disaster in Massachusetts last Tuesday, President Obama appears to be flailing. Gone is the cool and measured demeanor that made him look presidential when the financial crisis struck during the 2008 campaign. Instead, the financial reform proposals he advanced later in the week seem to reflect political panic—a desperate attempt to appeal to the populist sentiment against Wall Street. Unfortunately, they also reflect a limited understanding of good financial or banking policy."
See January 25, 2010 Wall Street Journal "The President's Bank Reforms Don't Add Up" op/ed piece by Peter J. Wallison at http://online.wsj.com/article/SB10001424052748704509704575019333516533828.html?mod=WSJ_Opinion_LEFTTopOpinion
"Restricting loans to real estate virtually guarantees another bank crisis in the future."
"After the Democrats' disaster in Massachusetts last Tuesday, President Obama appears to be flailing. Gone is the cool and measured demeanor that made him look presidential when the financial crisis struck during the 2008 campaign. Instead, the financial reform proposals he advanced later in the week seem to reflect political panic—a desperate attempt to appeal to the populist sentiment against Wall Street. Unfortunately, they also reflect a limited understanding of good financial or banking policy."
posted by Gene Felder at 9:21 AM
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