Desi Tamasha

The Brits really put it well:

Oliver Wendell Holmes Jr. famously said of Franklin Roosevelt that he had a "second-class intellect, but a first-class temperament." Obama has shown that he is a man of limited experience, questionable convictions, deeply troubling associations (Jeremiah Wright, William Ayers, Tony Rezko) and an alarming lack of self-definition -- do you really know who he is and what he believes? Nonetheless, he's got both a first-class intellect and a first-class temperament. That will likely be enough to make him president.

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Hopefully, Paulson & co will soon come to accept that their plan is dead and a more prudent solution, like the one recommended by Nouriel Roubini, is the way to go.

Labels: bailout

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