Obama's three-year freeze on a most discretionary spending will make it impossible for him to do much of anything for the middle class that's important. Chalk up another win for Wall Street, another loss for Main.
Five giant Wall Street banks now dominate US finance. Why isn't anyone discussing trust-busting? No one has offered a clear reason why such giant banks are important to the US economy. Logic and experience suggests the reverse.
These next months are the reckoning. The president and the Congress will step up to the reforms the country needs -- or they will fail the nation in a time of peril. We cannot afford another lost decade.