Barack Wrote a Letter… Wall Street Journal, 29 October 2008, p. A16

The Wall Street Journal had a telling article about Obama’s work on the subprime lending crisis. In his 07 October debate, the Journal says, Obama stated that he “’never promoted Fannie Mae’ and that ‘two years ago I said that we’ve got a subprime lending crisis that has to be dealt with.’” The Senator wrote some letters to the Secretary Paulson and Federal Reserve Chairman Bernanke. The letters, says the Journal, called for decisive action. Obama suggested that they “’consider options’ and that ‘the relevant private sector entities and regulators’ might be able to provide ‘targeted responses.’” My favorite line from the article is “Then in paragraph four, the Harvard –trained lawyer dropped his bombshell: a suggestion that various interest groups get together to ‘consider’ best practices in mortgage lending.”

This scares me to no end. For all those who tout the Senator’s vast experience at “community organizing” this is the result of that experience. An executive makes decisions; an organizer gets people together to talk. When the Senator was blowing the top off of this crisis all he wanted was to get people to talk. We need decisions in Washington not gripe sessions. The lack of leadership in this candidate is astounding. The number of people who fail to see that lack of leadership is scary.