The major network pundits need to stick to the Chandra Levy saga, because they sure are not helping us understand the current world financial crisis. I wasted five hours trying to get the latest viewpoints or some possible solutions to the worldwide financial crisis.
I came to two conclusions:
(1)No one has the answers
(2)Fox News Sunday has joined the campaign to dump the entire crisis on the democrats and the Obama Administration….That’s one show off my list.
Fox started the Sunday roundup with Chris Wallace interviewing John McCain. Why? John McCain is an open book; cut taxes for the wealthy, and put an end to pork barrel spending. They could have used on old debate clippings. What surprised me was Chris Wallace tying the stock market downward trend to the Barack Obama’s inauguration. This is a major network, so they should have fact finders, that would tell them that the job losses started in January of 2008 and the stock market starting falling in October of 2007. I knew Chris Wallace was a republican ,but he has asked some tough questions of republicans in the past. I never thought he would join the rest of the Fox anti-Obama dance troupe. Chris Wallace topped it off by trying to justify Rush Limbaugh’s controversial comment of him wanting Obama to fail. Wallace said “He wasn’t saying he wanted the president to fail. He was saying I want his policies, his agenda to fail and he disagreed with them and that they were bad for America.”Mr. Wallace, we have all listened to Rush and know that he is known to backtrack after using one of his shock jock tactics. Chris Wallace conveniently forget to mention the last part of Rush’s statement” I am not going to bend over and grab my ankles, just because he is black.”
The best line I heard came on This Week with George Stephanoulos, when New York Times conservative columnist David Brooks answered the GOP ideas coming from House Minority Leader John Boehner and John McCain’s calling for a freeze on government spending until September. Brooks said “The problem with them and the problem with Limbaugh in terms of intellectual philosophy is they are stuck with Reagan. They are stuck with the idea that government is always the problem.”He called it insane. I agree, that’s exactly the philosophy Hoover used to turn a recession into a depression. Inaction and trickle down will not work in this situation.Supply siders just don't get it.We have plenty of supply;this is a demand problem.
Tim Russert’s professionalism is missed by Meet the Press, but I will continue to be patient with David Gregory, but he has to do more homework and not let his guests get away with murder. He did get Secretary of Defense Robert Gates to describe the difference between George Bush and Barrack Obama, last week.
I came away this week-end feeling that Treasury Secretary Timothy Geithner is either having a difficult time grasping this crisis or that he knows the solution will cost us $2-$3 trillion more and he doesn’t have a way to tell us, because we are already in panic mode.Mr. Geithner may continue with a constant drip of $30 billion today and another $100 billion next month; hoping something will start the ball rolling before we get to the $2 or $3 trillion solution.
I continue to think that the Obama stimulus package was too small and too cautious. Politics being what they are; it will hard to get congress to go along with another stimulus. The president needs to know that short on cutting taxes, the GOP will not be helpful in finding a solution.Take heed from Representative Patrick McHenry's letter Mr. president "
"We will lose on legislation. But we will win the message war every day, and every week, until November 2010," said Rep. Patrick McHenry, R-N.C., an outspoken conservative who has participated on the GOP message teams. "Our goal is to bring down approval numbers for [Speaker Nancy] Pelosi and for House Democrats. That will take repetition. This is a marathon, not a sprint."
Mr. president,you need to use your political capital right now ,because the ball is definitely in your court.
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