Friday, March 14, 2008

As proactive as Herbert Hoover?

In a move that makes President Herbert Hoover look proactive, the Bush administration is taking action to deal with the credit crisis.

From the New York Times:

"After months of watching a growing credit crisis made worse by steadily eroding home prices, the Bush administration responded on Thursday with the outlines of a plan that officials emphasized is meant more to prevent future crises than to address the current one."

You go, boy.