Robe

This Uncertainty Is Unacceptable

You can argue all day that the ship might have a hole in it, the ship does have a hole in it, the ship shouldn't have a hole in it, but the real need of the moment is to grab a bucket and bail. Bernanke and Paulsen are saying - pull it into port, refit the ship, and let's not focus on bailing, let's focus on getting the goods across the water where they'll continue to stimulate the economy. That's the real mission. They are absolutely correct. They did not create the problem, they inherited it, and we're fortunate that they - unlike their predecessors - are willing to address it head on.

Blaming the mess on the current administration is pure, 100% ignorance. Where were you when the liberal messmakers were pressuring everyone in the realty and banking sectors that all Americans were "entitled" to a home? That bubble was created by a social agenda that had no place buckling the banking and realty sectors, and it knowingly created illicit opportunities for unqualified homeowners, private profits for Fannie and Freddie with public funding, and led us straight to the mess we have today, pure and simple. Thank God that Paulsen and Bernanke are in place. Greenspan and Clinton were so concerned with being popular they held interest rates below GNP for years. Always a sure bet for financial calamity. Why haven't we heard from Rubin on this? Because he was complicit in it then, and is an officer on Wall Street now. A stark contrast to what Paulsen is standing for now - character in service to his country.