Category — investment banks

If Barack Obama is a leader and atypical politician, I’m still waiting for him to demonstrate it.  For example, look at this quote from a speech he gave on economic issues and the sub-prime mortgage crisis today:

“If we can extend a hand to banks on Wall Street, we can extend a hand to Americans who are struggling through no fault of their own,” he said. 

No fault of their own?  He sounds like the average, cowardly politician to me.  A leader would point out that people who didn’t consider what higher interest rates would do to their adjustable rate loans bear responsibility for their own financial problems.  Instead, like a typical politician, he shifts responsibility from the culpable to the rest of us who got smaller houses and reasonable loans.  Now our families get to do with less so we can bail out the investment banks and irresponsible borrowers.

Far from being a leader, Barack is the worst type of liberal politician.