Daley can’t defend Obama’s ‘indefensible’ economic policies

Discussion in 'Economy' started by Trajan, Jun 18, 2011.

  1. Trajan
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    Trajan conscientia mille testes

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    it all counts; regs, fees generated there by, payroll hours spent etc etc ...


    check out this exchange;

    June 8 2011

    “Has anyone bothered to study the cumulative effect of all [the new Dodd-Frank-mandated rules and regulations the Fed is heaping on the banking industry]?” Jamie asked Ben Bernanke in Atlanta yesterday, “And do you have a fear, like I do, that when we look back and look at them?...? they will be a reason that it took so long that our banks, our credit, our businesses, and most importantly, job creation started going again?"


    Mr Bernanke replied: “I can’t pretend that anybody really has. .?.?. We don’t really have the quantitative tools to do that.” But the Fed was trying to produce rules that “do not unnecessarily impose costs or unnecessarily constrict credit”, he said.


    Bankstocks.com


    Bernbank is apparently unaware that the gov. is charged with calculating best they can expense of rules etc. as they create them.....unreal.

    ___________________________________

    OP article-

    White House Chief of Staff Bill Daley took heat from business executives Thursday for the Obama administration’s regulatory expansions. Daley also said he didn’t have any good answers for some of what President Obama is doing and expressed frustration about the “bureaucratic stuff that’s hard to defend.”

    “Sometimes you can’t defend the indefensible,” Daley said at a National Association of Manufacturers (NAM) meeting.

    Daley couldn’t answer basic questions and continually faced criticism from the executives in the room. The business leaders even applauded each other’s criticism of the administration. “At one point, the room erupted in applause when Massachusetts utility executive Doug Starrett, his voice shaking with emotion, accused the administration of blocking construction on one of his facilities to protect fish, saying government ‘throws sand into the gears of progress,’” wrote Peter Wallsten and Jia Lynn Yang in the Washington Post.

    Bill Daley | Obama Economic Policies | Bureaucratic Stuff | The Daily Caller
     
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  2. The T
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    The T George S. Patton Party Supporting Member

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    I posted this elsewhere...it's a good point.

    Obama's own COS can't answer for the policies...admitted...indefensible.

    But the rubes here will defend it.
     
  3. Trajan
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    Trajan conscientia mille testes

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    apparently not;)

    the epa is supposed to be performing impact studies as well, I'll lay 8-5 they are not and I'll lay 9-5 they don't give a crap.
     
    Last edited: Jun 21, 2011
  4. SFC Ollie
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    SFC Ollie Still Marching

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    Well, when you put the rookies into the championship game, what do you expect?
     
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  5. The T
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    The T George S. Patton Party Supporting Member

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    *Disaster*
     
  6. Quantum Windbag
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    Quantum Windbag Gold Member

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    This is at least the third time someone posted about this, and still no defenders of Obama step up to defend his policies.
     
  7. The T
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    The T George S. Patton Party Supporting Member

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    With the Second Summer Of Recovery in the offing? WHY should they?
     
  8. uscitizen
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    uscitizen Senior Member

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    Of course Obama's economic policies are indefensible they are the same ones we have had since 2000.
     
  9. blastoff
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    blastoff Undocumented Reg. User

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    Well everyone knows Summer of Recovery 1 failed because the damn shovel companies hadn't ramped up production enough to meet the demand.
     
  10. WillowTree
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    WillowTree Diamond Member

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    Bullshit
     

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