Sunday, April 26, 2009

An F for Obama's First 100 Days.

Robert Reich, a Democrat and a fan of this President,  had ,this to say about Obama's 100 days:

I give them an F. I’m a big fan of this administration, but I’ve got to be honest. The bailouts are failing. So far American taxpayers have shoveled out almost $600 billion. Yet the banks are lending less money than they did five months ago. Their toxic assets and nonperforming loans are growing, bank executives are still taking home princely sums, and the banks are still cooking their books. And now the Treasury is talking about converting taxpayer dollars into bank equity, which exposes taxpayers to even greater losses.