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Though I do get the feeling that Mr Black seems to think that as soon as Obama "grasps" certain economic ideas, then he will change the direction of his Presidency.
I have assumed since the mooment that I heard Geithner would head Treasury that Obama totally understands economics, and he has chosen to embrace the philosophy of unregulated Socialism for the Financial Crowd, along with eternal Bailouts for The Banking crowd. And to hell with the consequences. (Since he lacks imagination, I don't think he foresaw people taking to the streets.)
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