We need leadership. We're getting a popularity contest. Now, I'm officially scared.
Update: Another log on the fire.
Update 2: It's now a bonfire.
How seriously can we take an Administration that didn't even know about the AIG bonuses -- and that then makes lame excuses about how its hands are tied, until being shamed into action by public outrage? How seriously can we take an Administration that trails behind ordinary citizens in its understanding of the basic political realities of the moment?
Leadership means being out in front of major problems, not scrambling to assume the right stance after the fact. Leadership means taking those problems seriously enough to be fielding a complete team, with a really strong game plan. (Many major positions at Treasury are unfilled? Say what? Would it be tolerated to send our troops into battle without a fully-staffed command operation??) Leadership means having the political skill to understand and address the public's fear and its outrage -- including a recognition of the kind of political dynamite that all these bailouts represent.
Not ready on Day One, not ready at 3 a.m., not ready, period.