Obama Breaks Another Hopey-Changey Promise

Flopping Aces ^ | 09-01-09 | Curt

[Starman417]

Another day, another Obama ch-ch-change promise broken:

A former Treasury official has told the watchdog for the $700 billion Wall Street bailout program that President Obama's promise to restrict lobbyist access to the bailout was made purely for political reasons.

Months after the administration's pledge, the lobbyist rules haven't been implemented and Neel Kashkari, the one-time czar of the agency's Troubled Asset Relief Program, told the office of the special inspector general for TARP that the pledge to craft safeguards against lobbyist influence was a defensive move.

"Mr. Kashkari believed that this statement was purely for political reasons with Obama's new entering administration, and that there was no substantive reason for this announcement," the office wrote in a document obtained by The Washington Times in which the inspector general recounted Mr. Kashkari's April 30 interview with the auditors.

"He noted that, at that time, there had been headlines in the press regarding lobbyists influencing the process, and Treasury wanted to show that they were taking action," the inspector general's office wrote.

Mr. Kashkari, a former executive at Goldman Sachs who was tapped in October by Treasury Secretary Henry M. Paulson Jr. to oversee the distribution of TARP cash to vulnerable firms, stepped down in April after serving under the Obama administration since January. Attempts to reach Mr. Kashkari for comment on this report were unsuccessful.

In January, amid concerns that lobbyists would sway TARP decisions, the Treasury Department pledged to write rules to restrict their access, acting "in light of President Obama's firm commitment to transparency, accountability and oversight in our government's approach to stabilizing the financial system."

More than six months later, the rules have not been issued.

200 billion bucks later and no rules, as promised by Obama, have been implemented. Rep. Darrell Issa described it perfectly in the article by saying the Obama administration is "saying one thing while doing another."

[fujimoh]

To the car dealers, I’m sure he says the check is in the mail ... yea right! This comes as NO surprise.

[ntmxx]

And what would you expect from natural born sneaks, cheats and liars!

[VRWCRick]

More hopey-changey-poopey from the Communist White House!

[calex59]

"Mr. Kashkari believed that this statement was purely for political reasons with Obama's new entering administration, and that there was no substantive reason for this announcement," the office wrote in a document obtained by The Washington Times in which the inspector general recounted Mr. Kashkari's April 30 interview with the auditors.

In other words the POS lied again. I wonder if they think we just accept the statement, "for political purposes", wasn't that supposed to be one of the planks in his so called platform, to do away with "politics as usual" and to keep his promises, not to say things simply for political purposes? I guess we should just shrug our shoulders and say,"Well, he is a politician after all, so it is alright for him to lie like the stinking POS he really is". I hope the left wing moderates(and there are some)are taking note of this a**hats lying, shucking and jiving, typical criminal politician behavior. Not much hope they will though.