Zuckerman's entire argument rests uneasily on his armchair reading of psychology. Consumers and executives are depressed, anxious, and they will only spend again when they feel better -- not that they are over-leveraged and that aggregate demand is deficient.
A president elected on the combined strength of dazzling oratory and improbable personal biography has proved more deft at saving his political career in times of great crisis, than crafting a bold vision of American democracy in the 21st century.
With frustrations high and solutions still a bit unclear, we should expect the pressure to become intensified in the coming months. However, it is crystal clear to me that there are unrealistic expectations of the president.
To buy into the writ-in-crayon meme of Obama having "let us down" or that he is in any way "less than what we hoped he would be" makes us into the slobbering chumps we have characterized our opposition to be.
When I see and listen to Obama, sometimes I think of those memorable words by the gospel hymn composer, James Cleveland: "Nobody told me the road would be easy. But, Lord, don't believe you brought me this far, just to leave me."
New Rule: Don't engage in the outrageous, unethical practice of inviting your friends and donors to use the bowling alley at the White House. Instead give them no-bid contracts like we did for Halliburton.