More empty words from the empty suit
Still trying to recover from the blow to his campaign over the weekend over the Reverend Wright fiasco, Obama decided to shift fire onto the only politician that’s not running for anything this November – President Bush (WSJ Washington Wire link);
Sen. Barack Obama slammed the Bush administration for failing to respond aggressively to the economic crisis on Wall Street and for his administration’s cluelessness about the economic concerns of Americans.
That strikes a contrast with the statement that Sen. Hillary Clinton issued earlier today, when she didn’t mention the Bush administration, and instead underscored the steps she had taken to speak with top economic officials.
At least Clinton has the good sense to not blame on the President things he can’t control. So what would President Obama done?
Obama underscored the difficulty of addressing those nuances when he slammed the White House today for its prolonged inaction. “The President traveled to New York last week to say that there is a danger in doing too much and implied that doing nothing would be preferable,” he said in his statement today.
“Prolonged inaction”? What should the White House have done? He’s not clear on that. I cringe to think what an Obama Administration would have inflicted upon us. Probably something along the lines of his 5 year freeze on mortgage payments.
But in an interview with the Chicago Tribune last week, the Illinois senator acknowledged the difficulty in drawing a line between intervention and allowing the market to correct itself. “My philosophy on this is that intervening in bubbles that burst is not always helpful and can just delay the pain,” he said. “On the other hand, I do think what you don’t want is a cascading decline.”
I think the only bubble we should be wary of bursting is the one between Mister Obama’s oversized ears.
Great points. It’s clear how out of his league Obama is when you take a second to actually listen to what he says, as opposed to just how he says it.