Friday, November 14, 2008

Excellent article about economic coup



There is no way to reconcile the public's vote for change with the market's foot-stomping for more of the same. Any and all moves to change course will be met with short-term market shocks. The good news is that once it is clear that the new rules will be applied across the board and with fairness, the market will stabilize and adjust. Furthermore, the timing for this turbulence has never been better.

Over the past three months, we've been shocked so frequently that market stability would come as more of a surprise. That gives Obama a window to disregard the calls for a seamless transition and do the hard stuff first. Few will be able to blame him for a crisis that clearly predates him, or fault him for honoring the clearly expressed wishes of the electorate. The longer he waits, however, the more memories fade.


for the rest of this excellent article:

http://www.thenation.com/doc/20081201/klein


Those looking for ideology in the White House
should consider this:
For the men who rule our world, rules are for other people.
---Naomi Klein

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