Friday, November 21, 2008

Analysts: Bush, Obama not taking lead in righting economy

President Bush has been noticeably absent from the machinations aimed at righting the nation's financial course. Analysts and key players differ over whether President-elect Barack Obama should get his economic team in place and take charge, or sit back and await his turn at the helm.
"Somebody has to speak up soon," said CNN senior political analyst David Gergen, explaining that he understands why Americans are growing anxious and yearning for direction and leadership.
"I think ... sort of the bottom feels like it is falling out for many people," said Gergen, who has advised four presidents. "They sense there's a total lack of leadership in Washington, that the White House is silent, the treasury secretary has been battered, the Federal Reserve can't speak up. These automakers come up to Capitol Hill and fail. And the president-elect is silent in Chicago."
Senate Majority Whip Dick Durbin said Obama has avoided entering the congressional tussle over whether to bail out the Big Three automakers.

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