Davos Notes: Contrition, Paralysis, and the Embrace of Faith and Philanthropy Take Hold

As usual, even in the most dire circumstances Arianna manages to make us smile with her colorful depictions (cheap cologne on a disco Lothario! I love it!).



The bottom line is that no one has the answers and as the President has alluded (and Robert Reich has come right out and said) we are going to have to do a lot of experimenting.



The great irony in all of this is that the folks who make us most uncomfortable are those who act as if they have the answers, both Republican's and Democrats, because the American people know we're in a fix with no simple answers. If tax cuts were the answer, surely the billions in tax cuts over the past 8 years would have produced a roaring economy. Fortunately for us, the person who gives us the most comfort in all of this is the person is our President, who has been the most flexible in his approach.



Like many folks, my first reaction to the vote in the House was, "to hell with the Republicans, take all the tax cuts out and lets have a Democratic bill." However, more and more I have a sense that a United front between Democrats and Republicans will have a psychological impact that is critical to tamping down the fear that is paralyzing the economy.
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