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Friday, November 20, 2009

Congressional Black Caucus Blocks Regulatory Reform Package

It is not just the American voters that are unhappy with Barack Obama's job performance, the Congressional Black Caucus has just blocked the Regulatory Reform Package that has been debated for months, saying that Obama has not done enough to "help African American communities suffering in the economic decline."


The House committee had been set to vote to send the final piece of its regulatory reform package to the House floor after months of debate. That is, until the committee's chairman, Rep. Barney Frank (D-Mass.), told a shocked committee room that passage of the bill would be delayed until Dec. 1 because the Congressional Black Caucus wanted the administration to do more to help African American communities suffering in the economic decline.

Obama has made a mess of the economic recovery by spending hugely, with bailouts, schemes and raising taxes and not only are the regular, everyday, American citizens noticing and registering their disapproval, but our politicians are also noticing Obama's campaign promises were empty.

Of course the fall guy in all this will not be Obama.... it seems to be Treasury Secretary Timothy F. Geithner.

Then again, ask yourself.... who chose Geithner as Treasury Secretary?

That answers who is responsible for these failures.