Off the rails

Paul Krugman (NY Times):
Clueless

I’m with Simon Johnson here: how is it possible, at this late date, for Obama to be this clueless?

The Dow diving along with his party's election prospects, Obama panics, improvises wildly, and loses control of the message. His left base is livid.

Obysmal is a complete economic illiterate, and he's far out of his depth. (He said the other day that Government support for small business was important so they could borrow to meet payrolls. Good grief.) So he continues his obsession with the need to revive the corpse of his failed and hugely unpopular health care effort, as if that's the Grand Fix. It's bizarre to the point of being troubling. Is he up in the middle of the night, wandering around the White House talking to the portraits?

Meanwhile, the Chinese, who for some reason don't seem the least impressed by Obie's glorious speeches, are threatening to dump US bonds as a Taiwan lever.

Weak-kneed foreign policy meets economic illiteracy in the person of Barack "The Mistake" Obama.

Bette Davis: "Fasten your seatbelts, it's going to be a bumpy night!"

Byron