The president is giving an address to Congress and the nation tonight. In advance of that, CNBC.com had an article with this title: Wall Street to Obama: Give Us a Little Bit of Hope.
It kinda pissed me off. Sure, it might be a good move for a little accentuating the positive in tonight’s speech. But that article comes off as if, if Mr. Daddy President doesn’t give us all cookies, we’re just going to cry and cry.
How come Wall Street didn’t need its hand held when the Dow was over 14,000? C’mon, folks. Grow a pair and start working things out for yourselves. You know what you need to do. You don’t need laws to tell you what good business practices are. Stop trying to skate by with questionable practices, and then whining when things don’t go your way. Start being transparent with your books, stop giving your executives eight-figure salaries, and start helping your customers. You remember customers, right? The people who want loans and stable banks and good investments for retirement.
‘Cuz Wall Street? There are a few industries in worse shape than you. And you’re just making things worse for all of them. And all of us.
Maybe I’m going off half-cocked, but no one ever accused me of being a Nobel-winning economist. I’m just, y’know, frustrated.