Dear Mr. President,
I guess that acceleration of an existing trajectory is certainly a form of REAL CHANGE. But I don't know if that is the kind of change that the people who elected you had in mind.
Just to spell it out in idiot-proof terms: you cannot borrow your way out of a crisis of debt. Consuming more than you produce is unsustainable. Spending more than you make is unsustainable. Unsustainable means that at some point there will be a crisis / crash / default. The Piper is always paid, as they say.
You are clearly not an idiot and these simple principles must be as obvious to you as they are to me. So what do you personally gain from pursuing a course that cannot but make the inevitable crash worse and worse; that cannot but cause untold suffering for millions of Americans who are busting their butts to live a common, decent life? Real suffering for real people. Really. Who gains from your acceleration of the existing path toward economic armageddon?
I want to believe, Mr. President. I want to hope. I love your foreign policy rhetoric. I love your willingness to verbally step up to the plate and take responsibility. But there is the talk, and there is the walk. So far, the talk is A+, but the walk is a solid F.
Man up, Mr. President. You cannot solve the very real economic crisis we are facing by continuing down the same path with the same players. CLEAN HOUSE. Get rid of those guys: Summers, Geithner, Bernanke -- the whole Wall St. banking crew who took us here in the first place -- and set a new course altogether. Not an acceleration down the same course; that's the wrong form of change. Turn left, or turn right, or put on the brakes. When you are crashing, the accelerator is not your friend.