the shit's hitting the fan again in the banking sector...the televisual apparatus has been focusing your attention on the rituals of transition, but the disaster visited upon us by the neo-liberal counter-revolution doesn't seem to want to wait for these rituals to run their course.
http://www.nytimes.com/2009/01/21/bu...gewanted=print
we're about 3 1/2 hours in and the administration is in a tough position---very significant, very complicated, quite long-term problems require action and very quickly in some cases.
it did not help that the bush people went entirely passive over the past months, even as, given the idiocy of their policies in the main and the catastrophic results of them---one of which was an undermining of the political legitimacy of the bush administration so that passivity was perhaps the only option---maybe from a certain viewpoint that wasn't entirely a bad thing.
but it's a shame obama is not given time to even really adjust to the new reality he's in.
we're already in it.