The financial meltdown dramatically showed the dangers of too little government, he said, "when a lack of accountability on Wall Street nearly led to the collapse of our entire economy." -- Barak Obama ANN ARBOR, Mich. May 1, 2010
Yes too little Government for sure. That's why. More Government is clearly the answer to everything.
There has always been plenty of regulation in the Finance Industry. The Government has been asleep at the wheel. SEC too busy watching Porn and not enforcing existing regulations. Repeal of the Glass-Stegal Act. On and on.
More incompetents. More Bureaucracy. The Government loses $54 Billion in medicare fraud in a single year. The Government can not account for the money given away in the bailout.
Yes folks... Obama must be right. The solution is always more Government. Just like the solution to alcoholism is to drink more. The solution to oil spills is to drill more. The solution to "War" send MORE troops.
And of course using "Obama logic" the solution to economic recovery is simply to borrow more, spend more, and print MORE money.
Obama has a short memory and continues to forget the wall street
problems were due to the actions of Fannie Mac and Freddie.
Senator Dodd and Congressman Frank had nothing to do with exposing the mortgage market and actions of Fannie and Freddie.
Other agencies of the Government were silenced when what was going on in the market place
The SEC and Congress needs to call Fannie and Fredie executives to testify about their roll in the collapse.
Another cover up to add to how the Obama Government works.
by mio cid5 years ago
It has been reported by The Politico that Paul Ryan refers to his running mate as "The Stench" behind closed doors.He has reportedly told staff,if "The Stench" calls tell him I'm having...
by MikeNV7 years ago
Obama is against the Law passed by the people of Arizona who as a majority support it because he views it as violating civil rights.Now in his proposal for reform we have:"It would create a national ID -- which is...
by Don W13 months ago
I've tried to piece together a timeline of potentially related events related to the sale of a Russian oil company that shed some light on why allegations of collusion between Trump, his staff and Russian officials,...
by Jerad Maplethorpe7 years ago
What we forget so quickly is our past. Our past leads us to the present and the present is not good.This article isn't posted by me but gives a very good look back through the United States struggle with debt. I'd like...
by sannyasinman7 years ago
. . and that the official explanation is a physical impossibility. http://www.youtube.com/watch?v=XkXeNawH … r_embedded
by BakerRambles6 years ago
What could potentially cause the collapse of the United States? Would it be an attack from overseas, terrorism, economical collapse inward, or from another civil war? These are all just examples, feel free...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.