Obama on the Financial Meltdown

From NPR

September 16, 2008
Democrat Barack Obama on Monday blamed lax oversight and loose regulation for the financial breakdown. The Illinois senator attacked comments made by Republican rival John McCain and his idea of trickle-down economics.

I wish he had also said that cultural values that make a virtue of rapacious greed also played a role, but I suppose he didn’t want to offend his own party’s centrists.

Posted in Government, Politics

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