Even moreso then usual… All I can help is that this plan will be implemented everywhere with the exception of the most bubbly of markets. You just pegged it so well… They are really far from understanding anything.
One thing I learned as I moved up the engineering ladder into management was that you need to be less of an expert at everything and better are handling people. This enables you to lead more effectively but you need to make sure that those people who you select to make the technical choices are very much experts.
My feeling is that the expertise that has been selected by this administration has not been based on technical merit at all. **NOTE HERE** Neither was the expertise from the last administration. However if there was ever a crucial period in our history where we needed that expertise it is here and now. That is what is the scariest thing of all. It seemed like Obama had a chance to empower someone like Paul Volker, and if Obama really wanted change, he could have formed a commission of guys like Roubini and others. I was thinking maybe he could have gone way out of the box, enlisted some real minds to try to identify this monster, get arms around it, and root out the disease. Instead Volker has pretty much been outed, and the staff that Obama has, is nothing more then some Clinton retreads. It is simply a left leaning mirror of the losers Bush had.
