Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
...I really don't think that Obama had control of the levers of power in a way that enabled him to take such radical action so precipitately.

And I hate to say this, ARG, but at best it would just have kicked the can down the road. It may have cut the debt burden, but it would have done nothing to redistribute wealth...

The Secretary of the Treasury is his appointee and, had he chosen a better one, things could have gone differently. He might not have accomplished wealth redistribution FROM financial elites, but he could have stopped pointless continuing wealth distribution TO these same elites and he could have demanded that they cease all lobbying and provide massive returns to the public if they survive.

How much could have been done may be open to argument. That he did NOTHING to reform the system during the biggest crisis in 80 years is not open to argument.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Dec 21st, 2009 at 05:00:17 PM EST
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