"Failed to Assuage"

Bloomberg:

The S&P 500 has fallen almost 17 percent in 2009, the worst start to a year on record, as President Barack Obama and Treasury Secretary Timothy Geithner failed to assuage investor concerns with an $787 billion economic stimulus plan comprised of tax breaks and government spending.

The euphemism deftly balances political correctness and financial reporting.  A verb that more accurately describes what Obama's banana-republic fiscal policy is doing to investor confidence would damage Bloomberg's aura of journalistic neutrality.

Historians may find it worthwhile to distinguish the "economic" and the "political" phases of the 2008-and-onward crisis.  The former might have been relatively brief.

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