Michael Lewis on Barack Obama...

[kentuck]

http://baselinescenario.com/

<snip>
Lewis, on Barack Obama: “He’s been captured by his banker, just like the ordinary American’s captured by their stockbroker. He’s been buffaloed by the complexity of it all, he doesn’t have time to sort it out for himself, and he has to trust the people who seem to know. The alternative is for him to set off on his own in a quixotic quest to reform the financial system without having any experience of the system. It’s sort of like the presidential version of regulatory capture, that he is at the mercy of the people who really don’t have probably his long-term best interests at heart but who seem to know what they’re talking about.”

(about one-third down the page)

[Karmadillo]

1. Like he couldn't find different advisors if he wanted to.

nt

[kentuck]

3. I think Michael Lewis is probably right .

I hope Barack Obama is picking the brains of those like Geithner and Summers and Shapiro and will take what he learns and does the right thing for the people? Surely he knows how the system works by now?

[nightrain]

2. too bad Obama hasn't been "captured" by regular nurses, artists, teachers, social workers,

musicians, psychotherapists, and the like. We'd be better off.

As long as Obama keeps the Harvard elite close, we're ignored. Terribly sad.

[SocialistLez]

4. +1 NT

[Jane Austin]

5. Yeah, Obama's pretty dumb,

and is just "buffaloed by the complexity of it all".

:sarcasm:

What planet is that Lewis from?