Tuesday, May 11, 2010

Congressional Hearings on Gulf Oil Spill & Market Crash

Sigh. Believe me, I hold no brief for BP (or any of its associates) or for the automated trading systems which buy/sell in nanoseconds.

But one must give the panelists in both hearings (on the Gulf Oil Spill and the market crash) for their patience when dealing with committee members whose general & specific ignorance was on high display.

This is not to excuse the Republican committee members who used their time to opine (Bachus) on how technology really hasn't changed anything important (hard to believe he was the chair of this committee for years; the man is an idiot), to explain that regulation is never the solution, and to harp on how Fannie Mae & Freddie Mac have destroyed the economy.

Are Democrats simply too dumb to use committee questions in their campaigns? I can't believe the average citizen, even in a red district/state, wants to elect somebody who believes that business as usual is good enough.

1 comment:

digital signature Microsoft said...

Truly speaking, even I can't believe the average citizen, even in a red district/state, wants to elect somebody who believes that business as usual is good enough.