Notable and Quotable

I understand that positioning for the next election, partisan politics and lobbying money are a deadly combination to any possible reform. But its so obvious to me watching these folks push and shove good ideas away that they: 1) are utterly clueless how all of this (credit crisis, recession, housing bust) happened; b) have absolutely no idea how to fix any of it; iii) are primarily concerned with getting re-elected.

Barry Ritholtz

Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Energy, Natural Resources, Federal Reserve, House of Representatives, Law & Legal Issues, Office of the President, Politics in General, President Barack Obama, Senate, Stock Market, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Treasury Secretary Timothy Geithner

4 comments on “Notable and Quotable

  1. majorinsight says:

    “Watching them botch the surgery …” when you are the patient. Yikes!

  2. Henry Greville says:

    Yet they are the only legislators we’ve got!

  3. Sidney says:

    Things haven’t gotten bad enough yet for most of them to worry. Most have pretty safe seats, even in the face of the Massachusetts election.

  4. Billy says:

    #3, I would not bet on that in the face of the MA election. What safer seat was there than to be a Dem running in liberal Mass for “Kennedy’s Senate Seat?” I think I would be looking over my shoulder if I were a Dem of any stripe or a “moderate” Repub.