Jesse's Café Américain Tue 2009-11-03 19:36 EST
Obama's Economic Policy Has Doomed the US to Stagnation - Or Worse
This was the very moment of Obama's failure, when he allowed Summers, Geithner and Bernanke to establish the principle of "Too Big To Fail" and set up a financial oligarchy at the expense of taxpayers. We would have expected this out of the Treasury under Hank Paulson, but to see this kind of policy error favoring Wall Street over the US taxpayers from a government elected on the promise of reform is inexcusable, a disgrace. ...(Bloomberg) Nobel Prize-winning economist Joseph Stiglitz said the world's biggest economy is suffering because of the U.S. government's failure to nationalize banks during the financial crisis.
doomed; Jesse's Café Américain; Obama s economic policy; stagnated; worse.