Once again this morning I'm hearing the same advice from the same people who got their way for the last 30 years. George Will is still very certain that the same 'no regulation, hands off' schpiel that he and Thomas Friedman and David Brooks have always pushed, is now the answer to the problem that it caused. Friedman, who is now open to government intervention (and re-writing his own history of commentary) joins with every other tainted pundit on the left and right to agree in unison that the problem is that Obama is waiting until the 65th day of his presidency (Tuesday) to address the nation with his comprehensive plan to save the largest economy on earth from a crash that has been decades in the making.
Imagine my shock to read Friedman's last paragraph, which I believe could take the place of everything that's been said by analysts in the last two months.
T. Friedman-
"Well, help may finally be on the way: one reason we’ve been sidetracked talking about bonuses is because the big issue — the real issue — the president’s comprehensive plan to remove the toxic assets from our ailing banks, which is the key to our economic recovery, has taken a long time to hammer out. So all kinds of lesser issues and clowns have ballooned in importance and only confused people in the vacuum. Hopefully, that plan will be out by Monday, and hopefully the president will pull the country together behind it, and hopefully the lawmakers who have to approve it will remember that this is not a time for politics as usual — and that our country, alas, is not too big to fail. Hopefully ... "
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