April 15, 2009
With Senators Like This, Who Needs Enemies?
Check out Sen. Richard Burr’s latest foolishness, from The Hendersonville Times-News by way of The Washington Monthly. Seems the senator not only doesn’t have the slightest grasp on our nation’s banking laws but is also trying to create some sort of panic among voters. He told an audience on Monday that he believes we are in a depression and that the recovery will be long and slow. Also, he related his reaction to former Treasury Secretary Henry Paulson’s news that some banks were hesitant to transfer money.
‘It’s safe to say when you don’t have money moving from institution to institution, you don’t have an economy,’ Burr said. ‘And you certainly don’t have a financial market.’ …
‘On Friday night, I called my wife and I said, “Brooke, I am not coming home this weekend. I will call you on Monday. Tonight, I want you to go to the ATM machine, and I want you to draw out everything it will let you take. And I want you to tomorrow, and I want you to go Sunday.” I was convinced on Friday night that if you put a plastic card in an ATM machine the last thing you were going to get was cash.’ …
Burr said the government must change its strategy when dealing with the financial and economic crisis and let private investors become more involved.
The private sector, he said, needs to ‘go through some self healing, and you get out of the way and let them do it the way they are used to.’”
So, there it is, from a man described as “a vulnerable Republican incumbent“: we’re in a depression, recovery will be long and slow, and bank runs are sensible. I guess he considers such foolishness “self healing”, but it’s nonsense and it’s embarrassing. Our senator doesn’t know about the FDIC and would encourage the kinds of behavior that threaten banks further and can destroy jobs in the process. He better be vulnerable, the sooner we get rid of politicians who would threaten North Carolina jobs during a time of record unemployment, the better off we’ll be. It will be a long, painful, and slow election season (aren’t they all?), but it will be a recovery all the same.
Search
Previous Posts
- Moving Ahead
- Gratitude is My Attitude
- Mejia: Rethinking those perks and incentives
- The problem is not diversity, the problem is not enough diversity
view full archive » subscribe to feed
Web Links
- BlueNC
- Capital Beat (Greensboro News-Record)
- Capital Commentary (Wilmington Star News)
- Capital Letters (Asheville Citizen-Times)
- Deathwatch (Death penalty updates)
- Equality NC blog
- Exile on Jones Street
- Isaac Hunter’s Tavern (WUNC Radio)
- Leftyblogs
- Let’s Talk Politics (Hickory Daily Record)
- NC Conservation Network Blog
- North Carolina Economics
- Orange Politics
- Public Policy Polling
- Say Ahhh!
- Stop NCAR (Realtor’s Assn. watchdog)
- The Arc of North Carolina Policy Blog
- The People’s Business (Fayetteville Observer)
- This Old State (Charlotte Observer)
- Triangulator (Independent Weekly)
- Under the Dome (News & Observer)
- Watauga Watch
5 Comments Add yours »
Sorry, I’ve been out to lunch (literally) and didn’t realize that this is now everywhere. Still, I like to get my licks in where I can.
This is treason. I believe that we will be calling Senator Hagen our senator in less than 20 months. Thank Goodness!
You would prefer that he to lie to you?
The odd thing about Senator Burr’s comment is that he told his wife to go an ATM to draw out everything it will let you take. Why not go the bank and draw out everything? Perhaps Senator Burr just created the first slow-motion run-on-the-bank.
This story will make one fun commercial. Friends, prepare yourselves to see if over and over again next election cycle.