Instead of accepting the corrupted bail-out and reassuring Wall Street, Obama's team must start doing the hard stuff now. The more details emerge, the clearer it becomes that Washington's handling of the Wall Street bail-out is not merely incompetent: it is borderline criminal. Full Story »
Posted by Tanya J. Maurer
Klein points out that the Bush/Cheney administration is violating the terms of the bailout agreement and is performing their grand theft with no oversight, and with apparent malevolent intent against the ability to finance the platform actions the people elected Obama to do.
If Democrats control congress, it is time to show spine in overseeing and directing the bail-out fiasco.
By calling the banksters only "borderline criminal" Klein shows restraint. While the entire Left complains about Obama's post-election centrist and pro-business moves, she offers well-reasoned arguments for doing what his base elected him to do: "[D]isregard the calls for a seamless transition and do the hard stuff first."
Now that it is clear the Bush administration is violating the terms to which both parties agreed, the Democrats have not just the right, but a grave responsibility, to ... More »
Retrieving Comments
