5I’m slow posting this, but still, funny. Reader Matt P. speculates on why it took Barack Obama so long to give out details of his plan for the bailout.
“Given the gravity of this situation, and based on conversations I have had with both Secretary Paulson and Chairman Bernanke, I have asked my economic team to refrain from presenting a more detailed blue-print of how an immediate plan might be structured until the Treasury and the Federal Reserve have had an opportunity to present their proposal.” (ed. note: that’s leadership, folks)
Why do you think that is?
A) He doesn’t have one?
B) He wants to see what “Bush” is going to do so he can say that it’s wrong?
C) His plan will only work if he puts it together (The chosen one concept)?
D) His plan is overtly socialistic and he wants the Treasury and Fed to come out with their covertly (or slightly less) socialistic plan so that his is a little more palatable when it comes to the table after theirs?
E) All of the above?
(ed. note, emphasis added)
I’m going to go with A, B, & D. Though, probably the biggest reason it took the Obama camp so long to put together a serious proposal (mostly plagiarized from John McCain) is because they spent the first few days figuring out how to spin Barack Obama’s enabling of Fannie/Freddy-fueled crisis because of their generous campaign donations.
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