Broken Field Running

I like reading Simon Johnson, even if he did twice pass up a chance to be a guest on the EP podcast. But Simon is better at the economics than the politics and I was most unhappy to read his first take on Mr. Obama's obviously insincere feints at Wall Street. Simon, nevertheless, is smart enough to recover and in his follow-up he gets it. His fast footwork is worth noting as an example of how one should assess Mr. Obama's false and dishonest lectures, because all too many of those who voted for him are all too anxious to believe in whatever meager scraps he pretends to toss them. Bank reform? Ha! Hell will freeze over first. And on the extreme off-chance that Congress produces any financial "reform" legislation you can bet that it'll be as much a give-away to the banks as Congress' proposed health care "reform" is to the medical services sector.