Let’s start out by checking out this snippet from AP:
President-elect Barack Obama says the government has been “asleep at the switch” when it comes to overseeing the nation’s financial system.
He says Americans are “feeling frustrated that there’s not a lot of adult supervision.”
Now Citigroup got one heck of a bailout because it wasn’t supervised properly (Obama’s logic, not mine),.
A certain Timothy Geithner, whose responsibility as President of the Federal Reserve Bank of New York included the supervision of Citigroup was nominated as Obama’s Treasury Secretary…
Is it just me, or does Obama sound like someone who has absolutely no clue as to the meaning of the words coming out of his mouth?
Posted by PUMA Pundit
