[IP] Re: The politics of an economic nightmare

[David Farber <dave@farber.net>]

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From: Jonathan Goldstein [jonathan.goldstein@gmail.com] On Behalf Of jonathan@pobox.com [jonathan@pobox.com]
Sent: Wednesday, January 23, 2008 5:28 PM
To: David Farber
Subject: Re: [IP] The politics of an economic nightmare

Dave,

I'm not going to dispute or agree with any of Mr. Peterson's analysis.  I am however curious why it turned into a rant against the Bush administration.

The Fed governors are appointed by the President and confirmed by the Senate.

Also, under the Constitution, all spending bills originate in the House.   The federal goverment doesn't spend any money unless the House starts the process.

If there's a problem, I think it is only fair to characterize it as a joint problem of Congress and the White House.

--
Jonathan Goldstein, Esq.
c: 215-266-5948

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