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Mig
Maybe Americans need to have their collective 401(k) investment cleaned so they realise that the "state pension insolvency crisis" was a bogus argument...
The markets are in the process of administering that lesson as we blog, but the "realize" part is in doubt.  We have the RW bloviating on steroids at the moment and much of the MSM is too timid or too reluctant to engage in forceful reporting for me to have any confidence in the outcome.  The longer this runs and the greater the amount of public obligations that are poured down black holes such as AIG the greater the danger that the Obama Administration will effectively be discredited.  

Obama is now playing Hamlet.  I fear he will become Tony Blair and that the Democrats will become NuLab.

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

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 3rd, 2009 at 12:38:20 PM EST
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