Congress was “outcoded” by Wall Street it appears and now can’t make a decision to save our necks
At least they could come in and show them how to crunch some numbers. I just go back such a lack of real knowledge of technology today and resistance to change, those that fear do nothing. Here’s a video commentary as well from Dr. Crounse on the issue.
The web has been full today of comments and disbelief, self included. Send in Bill Gates, although he testified in front of Congress not too long ago, but obviously technology went over their heads, and this is a matter of not only money but also the technology that created it. We need leaders that can understand this and come to terms and go forward without all the juvenile finger pointing that is occurring. BD
"In the over 35-year history of Microsoft, we've never taken a position on a piece of banking legislation, but unusual times call for unusual steps," said Brad Smith, general counsel to the world's largest software maker, in a phone interview with the Seattle P-I shortly after sending the e-mail.
The email reads:
Microsoft strongly urges members of the U.S. House of Representatives to reconsider and to support legislation that will re-instill confidence and stability in the financial markets. This legislation is vitally important to the health and preservation of jobs in all sectors of the economy of Washington State and the nation, and we urge Congress to act swiftly.
Smith said the e-mail was sent to the four members of Washington's delegation who voted against the proposal: Republicans Doc Hastings, Dave Reichert and Cathy Morris Rodgers, and Democrat Jay Inslee. It was also sent to some local reporters and to a "broad group of businesses in the Seattle area," encouraging those businesses to speak out, said Microsoft spokesman Lou Gallops.