But....wait....didn't he say he didn't want to run the financial sector.....
"Obama cast his proposals as an attempt to find a middle ground between the benefits and excesses of capitalism. "
I think the very term "excesses of capitalism" is scary in and of itself.
Capitalism, innovation and risk taking are what sets us apart from the rest of the world...
Newsmax.com - Obama Plan Imposes Sweeping New Controls Over Banking Industry:
WASHINGTON -- From simple home loans to Wall Street's most exotic schemes, the government would impose sweeping new 'rules of the road' for the nation's battered financial system under an overhaul proposed Wednesday by President Barack Obama.
Aimed at preventing a repeat of the worst economic crisis in seven decades, the changes would begin to reverse a determined campaign pressed in the 1980s by President Ronald Reagan to cut back on federal regulations."
Thursday, June 18, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment