What can be realistically expected in a society as complex as ours run by elites, including most Democrats, who since Reagan, if not before, have lost any vestigial sense of what the common good is? What can be expected of a class of people who have got to the positions that they hold by caring about more than anything else their own narrowly defined careerist self interest? What can we expect from a class for which principle and service are just b.s. concepts one pays lip service to, and where savvy and being a player count for everything? Even if you are one of the few who cares about doing the right thing, who's there for you to work with?
Let's assume Obama wants to do the right thing, that he even knows what the right thing is regarding the financial meltdown--what is the set of people from which he can choose which actually understands how the system was built and how it works? Who is he going to call upon if not people from Wall Street? Left-leaning academics? But what do they know about the real guts of how Wall Street works? And what makes any of us think that they wouldn't make a bigger mess of things with unintended consequences?