Jimmy and Roger

Jimmy and Roger
Two Guys One Task...Answer The White House Phone

Saturday, March 21, 2009

Are you kidding?

It looks as though we are getting exactly what we were asking for in our new administration. All sorts of rhetoric, political posturing and fantastic sound bites.
Two months in and our administration is yet to lay out any detail in their plan to stabilize the financial system. One way would be for them to stay quiet, as each time they speak, they appear a little less competent.
Does anyone remember the flack the automobile executives took when the first testified on "(The Hill?" The irony is, they were given a few weeks to come back with a detailed plan how they were going to survive. Anyone that operates successfully in business, knows you need to be able to access the situation, determine a viable solution and then execute. This is how business evolves. This is how innovation happens.
The issue with our administration is they apparently can't even read financials and understand them enough to identify a companies compensation, which is in plan english in the SEC filings. How most Americans with a television could have known about the bonuses, but the men in charge didn't, is baffling.
Finally, where was the "watchdog" Joe Biden? Wasn't he touted by our President as the man who would make sure there was no waste and or funny business? When you look at the failings with AIG, Fannie and Freddy and add it to all the special projects and pork in our "stimulus plan," one would have to wonder exactly where Mr. Biden has been looking and what has he been doing?

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