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Tuesday, May 25, 2010

Obama's Disastrous Financial Bill

Judd Gregg calls Obama's financial bill a disaster. I'll give you the quote, and you can decide if this sounds like Obama or not:

You’ll basically have a consumer protection agency which decides to go out and in the morning and say, ‘well everybody who’s XYZ should have a loan, even though the local community bank says XYZ shouldn’t have a loan, because if we give them a loan, we know they’re not going to pay back,’” he said. “It’s going to become an agency that defines lending on social justice purposes instead of safety and soundness purposes.


I'd say this sounds like Obamanomics to me.