Tuesday, February 17, 2009

A "propellor-head" at full throttle in the White House - International Herald Tribune

why is the Bailout not going to work?

1. the policymaker is STRETCHED TOO THIN.

A "propellor-head" at full throttle in the White House - International Herald Tribune: ", Summers sometimes seems to be doing a hundred things at once: zipping off to Capitol Hill at a moment's notice, brushing up on policy in matters as varied as health technology and digital television, holding midnight conference calls to noodle around ideas he does not have time to think about during the day."

2. this is politics, and politics as usual, Obama proclaimed's CHANGE is only a rhetoric, a "make belief" to win more votes.

" doing what he does best, which is help you think through something, and judgements that you can save yourself from."

3. policymakers' main interest is to save himself.

they lectured countries all over the world on what to do, ...did not "follow through with their own prescriptions."

so is the economy going to be better in the fall, as mainstream newspaper said?

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