“I think, he is going along, for the moment, with a consensus of wishes to prop up life as we know it at all costs. This consensus emanates from the top down and the bottom up. The millions of “Joe-the-Plumber(s)” out there don’t want to rethink the terms of existence anymore than the lords of Goldman Sachs. I also think that circumstances will force Mr. Obama’s hand before long — specifically that a moment will arrive when he goes on TV and tells the American public that things have changed way beyond the scope of what they even imagined when they pulled the levers last fall and voted for an uncharted future.”
James is saying that we are all in denial at this point – both the unwashed masses and the politico / bankers – none of us are at the point yet where we can accept the reality that our economic system of the last 60 years is DEAD – eventually we will have to accept that reality and James is suggesting there will come a day when Obama actually will go on TV and say, “we’re all f**cked”
