By the time Obama came into office Washington had already agreed over a period of a few weeks to a $700 billion government infusion into the world banking system. Nothing of the sort had ever been done before and it was done spit spot with very little national debate.
The thing is Obama is right that it would be a calamity for the government to default on its debt by not meeting its obligations. Such a thing has never happened and can't be allowed to happen.
Next Article
We are watching industries crumble Wall Street firms disappear unemployment spike and unprecedented government intervention. And our designated opinion leaders want to know: Is Obama up this week? Is he down? And is his leadership style more like Bill Clinton's or Abraham Lincoln's?
