Thursday, September 25, 2008

Blue ribbon!

Reacting to John McCain's call for a 9/11-style commission to look at the recent financial problems, Steve Benen wrote on September 16: (emp in original)
MCCAIN WANTS A COMMISSION.... There was a great episode of "The Simpsons" a few years ago, in which the city of Springfield was looking to local officials to address a crisis. Mayor Joe Quimby, anxious to give the appearance of action without actually doing anything, announced the creation of a "blue-ribbon commission." Lenny responds earnestly, "Did he say a blue-ribbon commission?" -- prompting Carl to say, "Well, you can't do any better than that!"
With that in mind, here's the last line from the just-released Republican proposal (pdf) to deal with the crisis:
Create a blue ribbon panel with representatives of Treasury, SEC, and the Fed to make recommendations to Congress for reforms of the financial sector by January 1, 2009.


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