Persistent Resistance To Boldness
Paul Krugman calls this an Epitaph for the Obama Administration:
In today’s report on the foreclosure mess, a revealing sentence:
As the foreclosure abuses have come to light, the Obama administration has resisted calls for a more forceful response, worried that added pressure might spook the banks and hobble the broader economy.
The country has demanded bold, persistent experimentation and the Obama Administration's economic team has provided persistent resistance to boldness.
Speaking for me only
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