Thursday, March 19, 2009

The Forest For The Trees

I agree with TPM's David Kurtz: Obama's guys don't seem to get how truly pissed people are at AIG and how they have latched onto it as a symbol of everything that is wrong with the bailouts so far. David Axelrod saying stuff like "People are not sitting around their kitchen tables thinking about AIG" is flat out wrong. People are very much thinking about AIG, and what Obama is going to do to stop them.

Whoever ends up on the wrong side of this (AIG's side, fair or not) is going to pay dearly in the court of public opinion. The Wingnuts are already finding this out. The GOP is following suit. Obama needs to stay on the path.

[UPDATE] The Congressional Budget Office says AIG can't pay back those billions. This problem is not going away. Plan N, please!

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