Quote Originally Posted by Vladimir View Post
I hope that's his plan because he's leading from the back, way back, back with the logistic clerks and coffee machines. It would be nice to know he has a plan.

Banquo summed it up quite nicely. The whole process is embarrassing. The only party that wants to make much needed cuts started off blatantly political and now they can't manage themselves. The opposition doesn't want to play ball (maybe due to the farcical opening) and the chief executive is chillin' with his homies.
If we're all gonna get hoit, I'd rather be kicked in the butt than in the groin.

In historic terms, I would have hoped for a gracious retreat from 250 years of unadulterated growth and expansion instead of a head-on collision with reality.

I find myself miraculously in agreement with today's Berlingske, a conservative paper from Denmark:

The best way of reducing the mountain of debt in the long term would be for the western world to strengthen its global competitiveness by introducing structural reforms. That would allow the necessary growth to be generated primarily through exports. ... This assumes, however, that consumers in Asia, for example, buy more goods and that the Asian countries' exchange rates reflect their new economic strength. We must now get used to the fact that reducing our debts - both state and private - will take a long time and that economic growth will be slowed down for years. People must change their expectations of the future accordingly. That will be very hard, but unfortunately there is no other way.