Obama’s economic team is in full meltdown

Paul Kanjorski, a Pennsylvania Democrat who chairs the relevant subcommittee on the House Financial Services Committee, suggested the administration isn’t being honest about its knowledge of the bonuses. He said yesterday: “I’m sick and tired of hearing the administration and the secretary of the Treasury say, ‘I just found out about it.’ That’s not true, and if he did just find out about it on Thursday or Wednesday then he better get to his mail department and to his telephone people because we communicated with the Treasury at least six or seven times.”

Chris Dodd, chairman of the Senate Banking Committee, is scrambling mightily to avoid having the entire bonus mess laid at his feet. He blamed Treasury department staffers for inserting language into the stimulus bill that protected the bonuses. Dodd warned about the consequences of further mistakes, telling CNN: “The public confidence in our ability is being adversely affected — not just mildly, but seriously.” Charles Rangel, chairman of the House Ways and Means Committee, complained that the White House isn’t offering thoughts on how to recover the bonuses.

Ron Wyden, a Democrat from Oregon, faulted the White House for sending “mixed messages.”

Mixed messages, indeed. As his economic team is full meltdown,

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What else should we expect out of a wet behind the ear inexperience president elected by the liberals?

LINKS:

(1) The David Copperfield School of Economic Recovery, Pt. II

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