Obama says, ""The fire is now out..."

[kentuck]

http://www.comcast.net/articles/news-politics/20090720/POLITICS-US-OBAMA-WALLSTREET/

<snip>
Asked if he was concerned about the jump in profits reported by banks Goldman Sachs and JPMorgan Chase & Co, Obama said his administration had less leverage over them now that they had repaid government bailout money.

He said the measures put in his place by his government to stabilize the economy were working, despite unemployment projected to rise above 10 percent within months.

"I think we've put out the fire. The analogy I use sometimes is, we had this beautiful house. And there was a fire. We came in and we had to hose it down.

"The fire is now out, but what we've discovered is, we need some new tuckpointing, the roof's leaking, the boiler's out, oh, and by the way, we're way behind on our mortgage," he said.

..........more

[rug]

1. Tuckpointing.

[HughMoran]

2. Good analogy

Better than the tired "at least the beeding is stopped" analogy.

[RandomThoughts]

3. As far as leverage on Wall Street that part is easy.

The other comment on the analogy depends what the fire is defined as or what its intent is.

Some might say the corruption, entitlement, unbalance, and secrecy of Wall Street is the fire, if that is the case, then what would seem to be putting it out, or stabilizing it, would stoke it.

But then it also depends on what fixes are instituted, since the fixes would be what puts out that fire.

But it makes sense that some things like that take a little time to get done, so fixing Wall Street could be a few months away. It also takes alot of discipline to not grudge on people responsible for bad and only act on actions that are wrong and not disliking people, even within holding people to account. So that could be part of it also.

[Greyhound]

4. What will he be saying this September? n/t