A Quote by Nancy Gibbs

Obama was elected on a slogan of hope and change because both were in short supply: the military exhausted by two wars, the banks failing their public trust, the U.S. Congress a comedy of dysfunction, and a federal government that seemed designed to idle on the sidelines.
Everybody complains about pork, but members of Congress keep spending because voters do not throw them out of office for doing so. The rotten system in Congress will change only when the American people change their beliefs about the proper role of government in our society. Too many members of Congress believe they can solve all economic problems, cure all social ills, and bring about worldwide peace and prosperity simply by creating new federal programs. We must reject unlimited government and reassert the constitutional rule of law if we hope to halt the spending orgy.
If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.
Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.
So you know, I think that the federal government, the Democrats, and President Obama are selling a lot of hope and change, but no delivery of any of those promises.
Obama is now fighting for his life. He's fighting for a federal government. I believe in a federal government. I hope it sticks around. We had the American Revolution. There was this whole tension between the federalists and the anti-federalists. Then we had the Civil War. We had Lincoln fighting for it. And the secessionists were there. And we have the same issue today.
If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.
The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis.
There is so much chaos and dysfunction going on with the federal government that Dallas can't wait any longer for federal help.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
Individual people shouldn't be fearful, because by and large our government, the federal government - people always talk; obviously, they don't trust the feds, whatever. The federal government and local communities have done a pretty good job at keeping us safe.
I dug deep, and I found that there were people who voted for Obama and then voted for Trump - because they saw what they believed was going to be hope and change, and under Obama, their particular lives did not change.
Barack Obama's military triumphs will come neither in long wars nor even short ones, but in a series of raids.
Because of the failure of the federal government to enforce federal law, we now have 'banks too big to fail,' unregulated Internet monopoly, and the evisceration of a dispersed and independent media.
I think we were naive during the first two years of the [Barack] Obama Administration because the Republicans didn't fight us on this point during the 2008 Presidential Election. Obama and McCain both ran on a clean energy platform. But now, uncontested lies have eroded hard-won public understanding. So, we have to go back and make the case again.
I think there were two messages in last year's election. One is pretty obvious. People were mad as hell at the president [Barack Obama] - and wanted to send a message. We all got that. Our new members were also hearing, and I was hearing as well, that people didn't like the fact that the Congress was dysfunctional. Now they may have been confused about where the dysfunctionality was cause the president kept pointing to the House. Factually, that's not accurate. The dysfunction was in the Senate.
The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.
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