Obama on Economic Crisis

President-Elect Obama addresses the nation on the economic crisis

The thing that worries me most is that Bush is still making policy. It should be remembered that the banks failed and produced a ruinous run on them very late in Hoover’s term, leaving FDR to announce the bank holiday as soon as he got in. The depths of the incompetence of the current incumbent may not have been plumbed yet.

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Obama on Economic Crisis

President-Elect Obama addresses the nation on the economic crisis

The thing that worries me most is that Bush is still making policy. It should be remembered that the banks failed and produced a ruinous run on them very late in Hoover’s term, leaving FDR to announce the bank holiday as soon as he got in. The depths of the incompetence of the current incumbent may not have been plumbed yet.

Posted in Uncategorized | No Responses | Print |