Wednesday, September 24, 2008

N.J. Sen. Robert Menendez:Administration Flying By the Seat of Their Pants

Senator Menendez left the following post on the Hill's Congress Blog yesterday:

"I got concerned, as I sat there and listened for several hours, that to some degree the administration is flying by the seat of their pants. They’re in such uncharted territory that they don’t know quite what to do. They want a very robust response to assure the markets, but I’m not quite sure what they would do with that robust response.

I hope they’ve gotten a clear message, in a bipartisan way, that there have to be real taxpayer protections here and that there should be some further efforts, if we’re going to keep CEOs in their offices, to keep families in their homes."


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