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To: Smiling Bob who wrote (186036)	2/23/2009 5:02:49 PM
From: Poet	Read Replies (2) \| Respond to of 306849

I'll still take O over McPalin any day. As bad-ugly as this is, can you imagine how awful things would be with them in office? I can't either. <ng>

To: Smiling Bob who wrote (186036)	2/23/2009 6:45:20 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

Economics geeks like have spent huge amounts of time trying to understand financial markets in order to develop our opinions. I don't care how bright Obama is, he simply can't be expected to have the same intuitive level of understanding that even the denizens of this thread have. Getting to be President sucks up a lot of spare time, and doesn't leave much time for understanding credit bubble dynamics. The best hope for a good President is to happen upon an excellent advisor. Unfortunately, this is a case where the "experts" are the same idiots that contributed to the problem in the first place. Even among those who WERE willing to speak against the status quo before we fell into the abyss have diverse opinions on the proper antidote. Krugman saw it coming, but thinks Big Government is the answer. I happen to think the only things Government can help with here are 1. Make sure state and local government actions are not pro-cyclical (ie back up their spending to avoid government layoffs at any level) 2. Provide a temporary safety net to those displaced by the depression, again to minimize pro-cyclical effects of their layoffs. 3. Encourage renewed focus on domestic value creation by our corporations, and discourage overseas shifting of value creation. 4. Provide risk capital via strategic industry investments and things like SBIR (small business innovative research) grants `BC