Saturday, March 21, 2009
According to The Drudge Report, the missing regulation that caused the world wide economic meltdown has been identified by President Obama. Earlier this month the President identified "lax regulation and extravagant risk taking" as the root causes of the financial tsunami. Now, he will put in place the regulation that would have forestalled the economic implosion: increased oversight of executive pay. The President has not commented on whether or not increased scrutiny of congressional pay, particularly members of the House and Senate committees charged with banking oversight, would shore up the foundation of our economy.
We are in the very best of hands.
See also: Unsupervised!?!