In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.Not that it will ever happen, not with
Phil "America is a Nation of Whiners" Gramm, one of the former legislators who is most responsible for the current economic trainwreck, chimed in:
"I see people that philosophically oppose Obama's policies getting a lot more engaged," said former Republican Sen. Phil Gramm, who now serves as the vice chairman of investment-banking firm UBS Securities LLC.I don't think that the President has gone far enough. But to be honest, my idea of "going far enough" would be to set up a line of guillotines in Battery Park, with Phil Gramm being given front-of-the-line service.
Mr. Gramm, who served briefly as a presidential campaign adviser to Sen. John McCain in 2008, said Mr. Obama has gone too far in his criticisms of the industry. "It is easy for politicians to overdo this vilification thing, but I don't remember a president in my lifetime engaging in it to the extent that Obama has," Mr. Gramm said. "And at some point it turns on you."
(H/T)
Don't forget an appropriate punishment for Phill's wife, former Enron board member Wendy Gramm.
ReplyDeleteI found this great line in the Daily Kos post about this.
ReplyDeleteSave executive bonuses -- vote Republican!
Bah. Today there's hardly a bit of difference between the parties on this issue. The DLC and Blue Dogs are perfectly at home with Republican policies. I can't say what progressives would do if they were actually the majority among the Democrats, but at this point I suspect that even some of them are glad to get those big campaign donations.
ReplyDeleteI'm not for the guillotines, but Obama's gone nowhere near far enough, and as you've noted, they've got just the right people in place to make sure that things don't get much farther.