http://www.newsweek.com/id/191393
"In his twice-a-week column and his blog, Conscience of a Liberal, he criticizes the Obamaites for trying to prop up a financial system that he regards as essentially a dead man walking. In conversation, he portrays Treasury Secretary Tim Geithner and other top officials as, in effect, tools of Wall Street (a ridiculous charge, say Geithner defenders). These men and women have "no venality," Krugman hastened to say in an interview with NEWSWEEK. But they are suffering from "osmosis," from simply spending too much time around investment bankers and the like. In his Times column the day Geithner announced the details of the administration's bank-rescue plan, Krugman described his "despair" that Obama "has apparently settled on a financial plan that, in essence, assumes that banks are fundamentally sound and that bankers know what they're doing. It's as if the president were determined to confirm the growing perception that he and his economic team are out of touch, that their economic vision is clouded by excessively close ties to Wall Street."
"In his twice-a-week column and his blog, Conscience of a Liberal, he criticizes the Obamaites for trying to prop up a financial system that he regards as essentially a dead man walking. In conversation, he portrays Treasury Secretary Tim Geithner and other top officials as, in effect, tools of Wall Street (a ridiculous charge, say Geithner defenders). These men and women have "no venality," Krugman hastened to say in an interview with NEWSWEEK. But they are suffering from "osmosis," from simply spending too much time around investment bankers and the like. In his Times column the day Geithner announced the details of the administration's bank-rescue plan, Krugman described his "despair" that Obama "has apparently settled on a financial plan that, in essence, assumes that banks are fundamentally sound and that bankers know what they're doing. It's as if the president were determined to confirm the growing perception that he and his economic team are out of touch, that their economic vision is clouded by excessively close ties to Wall Street."
/Ron Paul style rant
And now we have more and more of them in the works.
The Atlantic had this article recently by a former IMF manager, and he pretty much sees this as a sign that the US is too thick with the Wall Street set.
Oh, and by "political situation", they and I mean the usual right-wing propaganda outlets, Ron Paul's included, already calling Obama a dangerous, radical, socialist, marxist, communist interventionist. Plus those bipartisan lobbyists everyone loves.
Imagine the vapors that group would get if Obama rolled out a plan like the IMF would force on us.
Still, I think he has it in him to do it, I just think he's wanting to not have that fight until he's tried at least one other thing first.
...he pretty much sees this as a sign that the US is too thick with the Wall Street set.
Oh, like that was hard to see.
Was the author's name Rip Van Winkle?