Web Letters: Obama's Money Men Finally Get It

Wow. If The Nation thinks that the idiots' plan is a good one, than it must suck, like Arianna's ex-husband. Maybe I missed it, but I don't recall seeing Chris Dodd's name. Or Barney Frank's. Or Mr. Franklin Raines's, from Fannie and Freddie. Or Jamie Garelik's. I understand that President In Over His Head wants more "oversight." Isn't that Congress's job? And if it is, does anyone think that it's a good idea, for the folks that are supposed to be watching these institutions to be taking money from these institutions? Anybody? Like I said... I didn't see Dodd's or Frank's, I didn't see Kent Conrad's name. Didn't he get a nice little loan, from Countrywide? And while you're at it, how about running the numbers from, oh, I don't know, 2001-2006, and then running them again, from 2006 to the present day. Have we done better since these scum-sucking Democrats got control of Congress? Or worse?

Timothy L. Pennell

Middlebury, CT

Please put things into perspective. Take Obama's first cabinet picks and think about their positions on current issues.

Now that Tom Daschle has come out firmly against a public healthcare plan, you have to ask what is the point of a $trillion healthcare plan that still doesn't insure everyone?

Geithner was head of the Federal Reserve of NY during Bush's term. He was part of the AIG negotiations. Geithner knows exactly what he is doing.

Larry Summers was the architect of the current deregulation mess.

Obama picked all these people to be his advisers. Any expectations you have that Obama will do what is right for hard-working Americans needs to be let go of. Obama is all about corporate welfare. This is how people in Chicago, New York and Washington think. They see capitalism as a few rich people running the business of business and the rest of us are here to support them as they lead us. So if there is a failure by them, then it's really everyone's problem.

Ok, read Romans 13 and it will all make sense how Obama thinks about things. We are here to be led by the leaders, and the Bible says that is the way it should be.

Patrick Leahy

Seattle, WA

Tim Geithner may be starting to understand a tiny piece of the puzzle, but it’s like watching a giant toddler learn how to take his first baby steps: wonderful, and yet so pathetic. Where are the grown-ups, the professionals? Where are the people who can actually read and write and understand economics?

Using the FED to solve the banking crisis is just like using the oil company to fix air pollution, climate change and energy independence. It’s like using the CIA to investigate reports of torture by the CIA. It’s just not happening.

More likely, Geithner has just learned to parrot back some progressive talking points to buy some time while the Fed continues to steal taxpayer money with impunity.

Gary Amstutz

Lake Isabella, CA

I just read about Obama's plan for more regulation; it's based upon a huge fatal flaw in our financial system. Giving more power and oversight to the Federal Reserve is like giving more power to the wolf in your house who's been feeding on your family and draining it of any life.

The Federal Reserve is not a branch of our government; it is an independent bank run by international bankers. It is part of the network of all the other central banks around the globe. It does not answer to our government or the people. On the contrary, the Federal Reserve is the shadow government that dictates the policies of Washington.

C'mon, tell it like it is. We need to eradicate the Federal Reserve from our country. Any more power given to the Federal Reserve will just make things worse. After all, you must remember, the Federal Reserve's function is to suck more and more money out of our financial system.

The Federal Reserve Act was the reason for the Sixteenth Amendment, which gave Congress the power to levy a personal income tax; it was dubiously ratified the same year as the Federal Reserve Act. It is the reason for our national debt. All of our personal income tax goes to pay the interest on the national debt.

Charles Lingenfelser

Brandon, MS