
Victor Davis Hanson posts on The Corner...
What Obama needs to do is to explain to the American people just three things:
1) What exactly does he think was the cause of the current financial panic if not over-borrowing, unsustainable household and national debt, and reckless government housing policies, along with too accessible amounts of capital?
2) Why would outdoing what we did—borrowing, spending, printing cash—be a Zen-like fix of the problem?
3) Why, after seeing a hasty bailout result in messy consequences, would a hasty stimulus not result in messy consequences?
Such calm, fireside-chat explanations would be much better than these nearly hourly hysterical proclamations from his team about catastrophes, depressions, and disasters. When one adds up what Obama himself has said, what the Pelosi/Reid team have said, and what various cabinet members have voiced (farming doomed here in California?), either the USA is about ready to explode, or its leaders have become unhinged.
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