“the Obama administration is dithering..”

When even Michael Tomasky is grumbling about the Obama administration you know something’s seriously wrong.. Of course, he’s taking his cue from Paul Krugman in the NY Times

But among people I talk to there’s a growing sense of frustration, even panic, over Mr. Obama’s failure to match his words with deeds. The reality is that when it comes to dealing with the banks, the Obama administration is dithering. Policy is stuck in a holding pattern.

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  • NCM

    All sizzle and no steak.

  • 6 County Prod

    Smart power?!

    Obama, Hillary and co are looking like a bunch of amateurs in a whole lot of areas. They were not ready for prime time, and it’s showing.

    Although it is interesting how O’s approval ratings are holding up. The American people obviously want to give him a little more time. But he is holding the baby now, and he is rapidly reaching the point where he can no longer blame Bush!

    The US either sinks or swims with Obamanomics. If the folks involved with the stock market are anyone to go by, it is going to be a long, tough struggle against the current.

  • Greenflag

    6 county prod,

    ‘and he is rapidly reaching the point where he can no longer blame Bush!

    In your dreams . At least the USA now appears to have a government actually addressing the real needs of the economy . For the past 8 years they’ve had virtually no government and what was in government was the biggest bunch of gangsters and looters in the history of the Union. Obama has done more in a few weeks than Bush did in 8 years .
    The ‘right wing nut jobs ‘ led by idiot drug addict and moron Limbaugh don’t get it . Imagine a talk show jock of Limbaugh’s so called standing actually wishing for Obama to fail ? There’s real patriotism for ye 🙁 Limbaugh must have unionist leanings so adept is the gobshite at shooting himself in the foot:(

    Obama is trying to steer a responsible course . There have been essentially two broad policy choices for the USA since Lehman’s bit the dust -one was to let the banks and discredited financial institutions such as insurance companies and hedge fund investment firms go to the wall and save the American taxpayers a fortune while at the same time plunging the entire world into a depression that would have sparked off wars -economic collapse and probably the end of the ‘democratic ‘ experiment among some of the new emerging economies .

    The next step will have to be ‘bank nationalisation’ and the new administraion is already half way there . As I said prior to this election America is moving left because it has no other choice . The Milton Friedman school of neo conservative policies which hoped to replace stagflation and low economic growth with ‘trickle down ‘ economics has instead led to the relative emisseration of middle class America and has instead delivered more than a trickle up poverty .

    Nows the time to buy GE shares . At 6 dollars you won’t get a better chance to make a tidy sum over the next few years 😉

    The American Reoublicans are falling apart at the seams and their new Chairman Steel picked the public mood correctly when he spanked Limbaugh only to make an eejit of himself with a stupid and unnnecessary apology !

  • The weak link is not Obama so much as a collective failure of his team in selecting cabinet officers. Bad vetting, bad calls (Richardson, Daschle, Gregg, Gupta) and in Geithner’s case a trifecta – bad call to pick him, bad vetting to miss the tax issue, bad call to keep him. He’s also starting to lose announced nominees at sub-cabinet level.

    The fact that 1,200 jobs in the US government are senate confirmable is no help – it’s not surprising that momentum is lacking in policy when only 70 out of 360 sen-con jobs are yet filled. The whole transition/appointment process makes a joke of the whole hundred days thing, just when the US economy needs a quick change of gear.