Friday, February 13, 2009

Why Is Obama Doing This?

Speaking of the overwhelmingly negative response to Geithner's 'plan', the editors of the Nation magazine wrote:

In some ways, Obama did this to himself. Ignoring the pleas of skeptics and reformers (The Nation included), the president surrounded himself with familiar players from the old order and rigorously excluded anyone identified as an unorthodox thinker. It is not too late to correct this deformity, but he can't wait long. The White House needs a healthier mix of ideas and advisers--people who are not committed to saving old Wall Street names but are capable of visualizing a brighter future emerging from the ruins. Look around, Mr. President. You can find them.

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