Slouching Towards Oblivion

Monday, October 29, 2012

Gettin' It Done - 8

Personally, I kinda like having an economy that works; even one that's not great, but still manages to limp along at a 1 or 2% growth rate, in spite of all the best efforts of a certain opposition party in Washington.
8. Recapitalized Banks: In the midst of financial crisis, approved controversial Treasury Department plan to lure private capital into the country’s largest banks via “stress tests” of their balance sheets and a public-private fund to buy their “toxic” assets. Got banks back on their feet at essentially zero cost to the government.
One of the biggest problems we have right now is that Obama hasn't gone after many of the worst offenders - the banksters (et al) who helped blow up the mortgage bubble that blew up the financial system.

It would be monument-worthy badass if the Prez took on Wall Street and beat 'em into submission - ala JFK in '61 against Big Steel, and again in '62 when he actually put a few Big Utilities execs in jail on charges of collusion and price-fixing.

It's a much different time now, of course, so Obama has to do things in a way that doesn't feed the anti-gubmint mindset of the rubes.  Here's hopin'.

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