Thursday, March 12, 2009

Avoiding an American Fobaproa

E.J. Dionne sums up the political dangers ahead for Obama.
The worst outcome for Obama would be for the public to see his bank rescue efforts as a colossally inefficient waste of money and an attempt to rescue the financiers from their own foolishness and greed.
If you replaced, "The worst outcome for Obama would be for..." with, "The real disaster for Zedillo in 1995 was allowing...", would it be any less perfect of a characterization?

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