Legal Commentary

Monday Morning Open Thread

By Big Tent Democrat

Since we all read Krugman, I'll put the link here and quote the part I think most important:

As I read it, this dismissal [by Obama of concerns about the Obama approach to the financial crisis] — together with the continuing failure to announce any broad plans for bank restructuring — means that the White House has decided to muddle through on the financial front, relying on economic recovery to rescue the banks rather than the other way around. And with the stimulus plan too small to deliver an economic recovery ... well, you get the picture. Sooner or later the administration will realize that more must be done. But when it comes back for more money, will Congress go along?

The moment of truth fast approaches. Bold or timid? FDR or Jimmy Carter? Obama must choose. And soon.

This is an Open Thread. The opinions expressed above are mine alone.

Full post as published by TalkLeft on March 09, 2009 (boomark / email).