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April 07, 2009



I think it's obvious that people are - rightly or wrongly - soothed by what they hear coming from Washington. The thing is, if enough people believe things are looking up, they might make it true, at least for a while. Of course, if fundamental problems persist in/are introduced into the economy, then things will sour again, but in the meantime bring on the good feelings.

Nathan should find that a silver lining. If nothing else, the shorter the contraction, the less temptation to radicalism. Remember, most Americans - again, rightly or wrongly - blame the current economy more on Bush and the GOP than Obama. If the economy keeps heading south, then pressure grows on the Administration to do more, not less.

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