This is scary, if accurate. Scary re Europe, and scary re the US. I hope that the hermetic seal around our president has not repaired itself, and that he will recognize the direness of his straits. Politically speaking, he must seize the initiative, must start going hard after the banks and tying Romney and the whole GOP to them in any ways he can. Ross Douhat groks this, for chrissake.
Of course, even then, a collapse of the Euro within months may doom his presidency. And then, Gaia help us.