Tuesday, 4 May 2010

Stung by comments that the Gulf oil spill amounts to Obama's Katrina, the president's men (and women) have sprung into action on two fronts in an attempt to get control of the framing of the issue, and to avoid this comparison with the Junior Bush's mishandling of New Orleans taking root.

But in doing so the Obama Administration runs the risk that it will deliver less than is required to solve a problem fingered and blasted by the administration (just as its response to the financial meltdown and the problem of banks being allowed to run risks that should not be run, through use of derivatives and trading activities, is far less than the scope of the meltdown problem really requires).
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