Making the economy sound sound
"Most people are about as happy as they make up their minds to be."
- Abraham Lincoln
The lead editorial in the TGIF Buffalo News -- "Hopeful words, harsh reality" -- reflects on how the language that describes a nation's economy -- depression, panic -- is so much like the language that describes a person's mental health.
That is why those acting on behalf of the Obama administration and those criticizing its performance have to pay at least as much attention to what their words are doing to the national mood as to what their actions are doing to the soundness of the financial system.
Those words included last night's visit by President Obama to Jay Leno's Tonight Show, and the recall to duty of Obama's Internet-based campaign organization.
- In The Wall Street Journal, Peggy Noonan worries that Obama won't be able to get us out of this mess because he is neither a hedgehog nor a fox.
- The Los Angeles Times worries that Treasury Secretary Timothy Geitner is as clueless politically as he is clever on economic matters.
- In The Washington Post, biz columnist Steven Pearlstein says to stop obsessing on the relatively small amounts of executive bonuses: Let's keep our attention on the elephant rather than the pimples on its behind.
- On Slate, political writer John Dickerson explains how the president has to be careful stoking the public anger toward the evil bankers. He still needs public support to bail them out.
The second editorial -- "Reform drug laws" -- calls on the New York Senate to follow the lead of the Assembly and reform the draconian, and counterproductive, statues known as the Rockefeller Drug Laws.
Similar views from: The Utica Observer Dispatch, The New York Times and The Albany Times-Union.
- The New York Times features an interesting op-ed from wine store owner Marco Pasanella. He agrees with our 3/7 editorial arguing that supermarkets in New York should be allowed to sell wine, as long as the state's silly laws are changed so that he can sell cheese. Given that, he isn't worried about losing the business of the discerning wine drinker to the teenager with the name tag and the vest.
- The Long-Islander, on the other hand, opposes wine in groceries: The fact that legislators haven’t made efforts to pass this law until the economy tanked is a clue that it’s just a grab for money.
-- George Pyle/Editorial Writer