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Obama's Radical Scheme Puts Country At Risk While Financial System Collapses

By Michael Barone, Thomas Jefferson Street blog

Obama's radicalism is the theme of Stuart Taylor, mild-mannered centrist. Great quote: "The house is burning down. This is no time to water the grass." Charles Krauthammer makes the same point at greater length:

But the list of causes of the collapse of the financial system does not include the absence of universal health care, let alone of computerized medical records. Nor the absence of an industry-killing cap-and-trade carbon levy. Nor the lack of college graduates. Indeed, one could perversely make the case that, if anything, the proliferation of overeducated, Gucci-wearing, smart-ass MBAs inventing ever more sophisticated and opaque mathematical models and debt instruments helped get us into this credit catastrophe.

And yet with our financial house on fire, Obama makes clear both in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy. Four months after winning the election, six weeks after his swearing-in, Obama has yet to unveil a plan to deal with the banking crisis.


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By Michael Barone

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