Wednesday, February 11, 2009

Wait, Obama's financial crisis team is behind Bush's team

Deborah Solomon reports:
There were also political calculations, including a decision made early to not consult heavily with Mr. Paulson's team, according to people familiar with the situation. The Obama team spent weeks wrestling with many of the same issues that bedeviled Mr. Paulson's efforts, including how to deal with bad assets.
The Obama administration lost its option to blame the Bush administration for giving it bad information and advice. I think that might be the big mulligan.

UPDATE: I guess I was channeling Tyler:
The Republicans were just stupid and irresponsible and now the Democrats are smart but they lack experience at the rudder and they need another try to get it right.

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