Eisboch wrote:
"BAR" wrote in message
news
Eisboch wrote:
With all the attention given to the financial meltdown in the media, I
see a lot of finger pointing and blame being directed at various people
for the lack of government regulation. Even McCain, this morning,
acknowledged that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible
for drafting, proposing and instituting laws and/or changes as required.
The executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial
crisis with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or
Democrat actually doing their job and taking action as required in their
job/office responsibilities.


It will happen as soon as the election is over. The loosing side will be
made the bad guys.


If that's true and members of Congress are sitting on their hands for
political reasons, every single one of them should be given the boot and
replaced.

IMO, the economic problems we have won't be fixed overnight, but I also
believe that fear, panic and other physiological reactions by the public in
general causes the problem to be worse. Some immediate action by Congress
may serve to calm some nerves.

I here some talkity-talk about establishing a temporary moratorium on home
foreclosures, but that's all it is .... talk.
How about convening an emergency session of Congress, get some ideas on the
table, and *do* something?

My congressman lost in the primary to a challenger so he is out. The
general election is a formality. I live in a predominately Democrat
district.