BHO and team are part of the problem not solution

Alright, talking about BHO and how he is going to change the USA into the USSA is becoming boring and too easy a topic since BHO's actions already are clearly showing that he is going to implement his agenda regardless of the current financial crisis.

 

His lineup of financial giants behind him on his Friday economic press conference shows that he doesn't have a clue about how to fix the crisis. All those on the platform behind him were from the school that brought the crisis upon us with maybe the exception of big-time BHO contributor: Eric Schmidt, CEO, Google. I am not sure why he is there since he is a techie and has very little training in public finance, ethics or Wall Street operations.

 

The others while they do have all this training, experience, and supposed intelligence all come from the government (Carter, and Clinton administrations) and Wall Street that didn't see this coming. Is this intelligence for change?

 

Where are the people that were calling for action on this problem before it happened, the Wall Street and government types who's voices where drowned out by the financial and political bureaucrats that were giving and taking money to keep oversight from the failed GSE's and the oversight into the CDS?

 

I am speaking of people like Dr. John Rutledge, for one, who is not a partisan, but understand finances and markets, or Billionaire Ross Wilbur who has given specific ideas on how to get out of the mortgage WITHOUT $1 of government money, or Bill Fleckenstein, of Fleckenstein Capital, who called for Fannie and Freddie oversight and investigations in 2004-2005.

 

None of these people were behind BHO since they did not contribute to his campaign or "stroke his ego." BHO is showing that his administration will be just another politics as usual: position for money, payback for contributions.

 

I don't believe BHO will solve this crisis any more than FDR did in 1932. You can't solve a financial problem caused by political meddling by more political meddling. The reasons for the crisis have already been discussed in this blog.