March 6, 2009

HOW COME THE FOLKS WHO ARE SO MUCH BRIGHTER THAN THE REST OF US...:

The Big Dither (PAUL KRUGMAN, 3/06/09, NY Times)

Last month, in his big speech to Congress, President Obama argued for bold steps to fix America’s dysfunctional banks. “While the cost of action will be great,” he declared, “I can assure you that the cost of inaction will be far greater, for it could result in an economy that sputters along for not months or years, but perhaps a decade.”

Many analysts agree. But among people I talk to there’s a growing sense of frustration, even panic, over Mr. Obama’s failure to match his words with deeds. The reality is that when it comes to dealing with the banks, the Obama administration is dithering. Policy is stuck in a holding pattern.


...can't grasp that he was absolutely serious when he said: "I am the change." The point of Mr. Obama's whole career has been to put him in jobs, not to have him effect change once he has the job.

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Posted by Orrin Judd at March 6, 2009 10:10 AM
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