Maxine Waters is one of the most brain-dead politicians in Washington. Truly the representative of the dumb masses. Yesterday, she was complaining that Obama's Treasury Department isn't doing enough to help minority firms that want to help manage bailout programs.
Yesterday, the Treasury announced that it was extending the deadline to apply to manage the assets, it was loosening the criteria to evaluate applications and it was going to "emphasize the department's interest" in minority-owned firms participation.
But this apparently wasn't enough for Maxine, who says that the Treasury should be required to give priority to firms that include minorities and women as partners. Maxine says, "Even under the updated guidelines, the burden remains on minority- and women-owned businesses to find willing partners among a select group of very large asset managers who do not have a particular incentive to welcome their assistance."
Remember ... while we're trying to get ourselves out of this economic mess ... we have to make sure that not too many white men are involved. It's not whether or not we recover, it's who is working on the recovery.