Quote of the Day

“[President Barack] Obama‘s team, content to have bailed out Wall Street, seem to now run the rest of the economy on a cash accounting basis. That’s bad, self-defeating policy.” — The Washington Note Publisher Steve Clemons, accusing the White House of setting a course “for the next three years [that] will essentially forfeit America’s growth future to China.” Good reading, as is Robert Reich‘s takedown of the “tiny … ideas” being proposed.