Posted October 23rd, 2008 at 10.37pm in Enterprise and Free Markets. If our country is going learn anything from the financial meltdown, there’s only one way to do it. Heritage’s Dave Mason says the Bush administration should appoint an independent commission to aid Congress before it rushes to legislate. Lawmakers simply can’t be trusted.
I agree. However, as you mention law makers are the problem. If that’s the case politics enters the study. What then? who has the egg on their face. The don’t seem to want the truth. And, that;s what is needed to accomplish the goal. They have rushed into another bail out where mrs Pelosi got her pork package to American Cos. doing business in Samoa ( would that be Starkist)
I like the thought of McCain bringing on his Sec of Tresury and Attorney General NOW and showing a comittment to go after the fraudulent actions, and alliances. Why won’t he do that? Thank you.
Any commision or investigation into the finacial failures will take longer than that actual crisis will take to run it course. The GSE’s and the Democrats have become intertwined in banking commitee that they almost indistingushable. Barny Frank spend more time defending Fannie Mae and Freddie Mac’s upper leadership. So many of the members of that committee have gone on to either work for the GSE’s and recieve massive bonuses or work for the numorous lobbying firms that they employ. In the it most likely would be futile to to do in the current political enviroment.
October 23, 2008 Neal Clacher, Livingston, TN writes:
All three reasons for an independent board to look into the financial mess are a good idea but President Bush will not appoint such a board and that is a real shame. The truth is President Bush will not act because so many in Washington are up to their eyeballs in this mess, from both parties, mostly Democrats but no Republicans including President Bush went to the people,as President Reagan used to do and explain problems so that the people were aware and could put pressure on the politicians to do something. It is really amazing to me that so few crooks and greedy politicians could destroy the worlds economy. If Senator McCain really wanted to rock the boat he could announce that his Sec. of Treasury and Attorney General would go after and expose the guilty parties and prosecute those that committed criminal acts.