Obama Pays Lip-Service Against Bailouts but Bernanke's Confirmed
Obama Pays Lip-Service Against Bailouts but Bernanke's
Confirmed
"And if there's one thing that has unified Democrats and
Republicans, it's that we all hated the bank bailout. I hated it.
You hated it. It was about as popular as a root canal," said
President Obama in last week's state of the union address.
But the problem is that his statements came on the eve of the
reconfirmation his fellow budget-buster, Federal Reserve Chairman
Ben Bernanke.
If the president "hated" the banker bailout, then why is he
marching lock-step with, Ben Bernanke, the most powerful
banker-bailout artist in the United States instead of opposing
him.
It took President Andrew Jackson all he had to defeat Nicholas
Biddle in his effort to establish a national bank, and Jackson
considered his defeat of Biddle the greatest victory of his career,
even greater than the victory in which Jackson led a young America
to victory at the Battle of New Orleans.
Yet today, we have a president who pays lip service against
the budget-busters but who is one of them himself.
http://www.reuters.com/article/idUSN2714385620100128