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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: joseffy	8/12/2010 2:40:52 PM
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Democratic Rep. Yarmuth criticizes White House economic team for focusing on Wall Street August 12, 2010 finance.yahoo.com LOUISVILLE, Ky. (AP) -- Democratic U.S. Rep. John Yarmuth lashed out at President Barack Obama's economic team Thursday, saying they show more concern for Wall Street than average Americans in a blunt election-year assessment from an Obama loyalist frustrated by a tepid economic recovery. What started out as a bashing of Senate Republican leader Mitch McConnell by union activists, who pressed for more public transportation projects, shifted gears briefly when Yarmuth took aim at Obama's inner circle of economic aides. "I'm not real happy with our economic team in the White House," Yarmuth said. "They think it's more important that Goldman Sachs make money than that you make money. And that's where we've got to change the attitude of this country." Afterward, Yarmuth lamented "a sense of floundering and indecisiveness" by Obama's administration in trying to revitalize the economy from a deep recession causing stubbornly high unemployment. "I think we have an opportunity to really regain the confidence of the American people if we show here's where we're going to go and why," Yarmuth said in an interview. "I don't think the administration's done that yet."

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