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Politics : President Barack Obama

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To: tejek who wrote (75444)5/20/2010 6:01:23 PM
From: ChinuSFO  Read Replies (2) of 149317
 
He was talking about today's Senate vote to move the financial reform bill forward. I am happy with what Obama has done with the majority in Congress he has today. He has moved some of the major legislation in these two years leading upto Nov 2010. He has set in place the infrastructure needed to support the US economy and to ensure that we do not repeat the collapse we saw in 2008. He is also expected to close a big hole in expenses by reducing our involvement in Iraq and Afghanistan. I am wondering whatever happened to his move to cap CEO bonuses.

Hopefully, he has put in place everything that is needed for businesses to start hiring and growing their businesses. Banks could certainly do more to provide m ore loans than they have been providing.

Certainly, the financial reforms will spook the banks. But I am hoping that would be temporary.
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