Monday, September 22, 2008

Obama's Liberal Solution to The Current Credit Crisis

On cue team Obama offers yet another populist, pandering solution to the credit crisis. For all the talk of change, this is the same liberal oriented solution that is neither innovative or new.

From the WSJ

Democratic presidential candidate Sen. Barack Obama of Illinois stressed the need for taxpayer and homeowner relief to be a part of any Wall Street rescue at a rally on Sunday. Sen. Obama hasn't said whether he would support a measure that didn't include such provisions.

His top economic adviser, Jason Furman, said Sunday that the Illinois senator insisted on "shared responsibility" for any solution. "As we ask taxpayers to take extraordinary measures to protect the financial system, we have to ask the financial system to do its part, especially in regards to CEO compensation and helping homeowners stay in their homes," he said.

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