Was talking with a friend today who was asking how Paulson, Geither would be thought of ten years from now. I said they'd be remembered for trying to reboot a failed system.
Then I casually said "Obama is our Gorbachev"
And the more I thought about it, the more it made a weird kind of sense. Younger guy from a new generation trying to take a failed system and right it. But the he grew up as part of the system and can't recognize that it is a failure at this point (which needs revamping to a level that it wouldn't be recognizable anymore as the old system) or the bureaucracy and entrenched interests won't *let* the required changes happen (or fight it so long both sides are exhausted and die on the battlefield)
Then I casually said "Obama is our Gorbachev"
And the more I thought about it, the more it made a weird kind of sense. Younger guy from a new generation trying to take a failed system and right it. But the he grew up as part of the system and can't recognize that it is a failure at this point (which needs revamping to a level that it wouldn't be recognizable anymore as the old system) or the bureaucracy and entrenched interests won't *let* the required changes happen (or fight it so long both sides are exhausted and die on the battlefield)
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