Economy: Obama Strikes a Blow

Markets: Obama focused on one single problem in the financial markets. He was clear, leaving no doubt about what he's going to do and the purpose. He will do more if the credit markets don't loosen up. It was a great presentation and he's doing what a president should do; go one step at a time. The markets will really like this new step.

He gives the impression that he knows the financial markets (he doesn't) and we are left with the impression that his people certainly do know them and his actions will be constructive.

Focus: loosening up the credit markets. Period. No birth control, victim groups, and the rest. Now for AIG which is a media focus and a distraction. This is class warfare political posturing for the cheap seats and Obama is staying away from it. Chump change for the class warfare "envy of success" politics. The people who got the bonus money live in Europe and the money is for the new business they generated not for the things AIG did with the money. Anyway this is a show from that prick Barney Frank and the AG of New York who is trying to be governor.