"Despair Over Financial Policy" Mar 21 09 -
Read the Krugman post first.
Here's my comment (it's awaiting moderation at the NYT currently (032209_0231H):
I saw this coming when he chose Geithner and Summers last November. I was hoping to be proved wrong, or at least wrong enough that there would be serious reform and re-regulation, certainly not the view that the current set-up is wonderfully sound (!). That’s cratering (or colluding) with the Wall St. rich special interests, to put it bluntly. Progressives and others unhappy with this state of events need to start putting pressure on the Administration. The last nation-wide right-left spectrum wide outrage at the AIG bonuses show that populism is growing and booming loudly. Let’s have progressive populist pressure for Obama and his treasury to change course.— racetoinfinity
WOW! The following comment from 'bob paine' is blunt and I'm afraid it's what I've been thinking (except I haven't gone as far as to forecast very hard times)