Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Obama is only as good as his advisors and his ideology allow him to be:
You know, the scale of the U.S. economy and the capital markets are so vast and the problems in terms of managing and overseeing anything of that scale, I think, would -- our assessment was that it wouldn't make sense. And we also have different traditions in this country.

Obviously, Sweden has a different set of cultures in terms of how the government relates to markets and America's different. And we want to retain a strong sense of that private capital fulfilling the core -- core investment needs of this country.

Whose assessment? Geithner's and Bernanke's and Summers'?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Thu May 27th, 2010 at 04:11:33 AM EST
[ Parent ]
Persistence in a failed worldview in the face of massive, calamitous disconfirmation is Obama's failure. He could convene a round-table in the White House and invite Stiglitz, Johnson, Warren, and Hudson to meet with Geithner, Bernanke, Summers, et. al. He lacks even the courage to look at alternatives.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu May 27th, 2010 at 11:50:25 AM EST
[ Parent ]


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