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Sunday, October 5, 2008

Obama's Prescience on the Economy

The Daily Dish posted a prescient letter that Obama wrote to Hank Paulson back in March 2007. Won't it be great to have a President who actually sees stuff like this coming?

We cannot sit on the sidelines while increasing numbers of American families face the risk of losing their homes.

And while neither the government nor the private sector acting alone is capable of quickly balancing the important interests in widespread access to credit and responsible lending, both must act and act quickly...

[A] consortium of industry-related service providers and public interest advocates may be able to bring quick and efficient relief to millions of at-risk homeowners and neighborhoods, even before Congress has had an opportunity to act. There is an opportunity here to bring different interests together in the best interests of American homeowners and the American economy. Please don't let this opportunity pass us by.

Read the Whole Thing