The case for focus … on the the financial crisis, that is.

Excerpted from IBD, ” Friendly Fire Shows Obama Losing Focus”, Barone, March 13, 2009

Driven by Rahm Emanuel’s advice to “never let a serious crisis go to waste”,  Pres. Obama continues to assert that we can solve our economic problems only by advancing national health insurance, a cap-and-trade system to reduce greenhouse gases, and the end of secret ballots in unionization elections.

But, none of the issues … was in any way a cause of the financial crisis.

We did not have a housing bubble collapse because we don’t have a national health insurance program.

We don’t have toxic waste clogging the balance sheets of the banks and other financial institutions because of carbon emissions.

The Bush tax cuts were not a proximate cause of the giant public debt being run up under the Toxic Assets Relief Program or the 2009 stimulus package.

Perhaps the President should heed Warren Buffett’s advice  to “pay attention to the first thing on your platter : the financial crisis”.

Full column: 
http://www.ibdeditorials.com/IBDArticles.aspx?id=321836253252674 

* * * * *

Want more from the Homa Files?
Click link =>
  The Homa Files Blog

One Response to “The case for focus … on the the financial crisis, that is.”

  1. Our Insurance Says:

    Nice post! Keep it real.I have looked over your blog a few times and I love it.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s