I'm guessing Obama will do whatever the Europeans tell him to do. He's really popular there.

Obama move quickly?, and his liberal Congress to?, now, that's one for the record book, a dead snail moves faster than all of them. If nothing else, the Great Depression proved very instructive. Plenty of commentators and analysts learned one of its important lessons: protectionist policies are only likely to deepen and worsen an economic slowdown. One person who's given no indication that he's learned the lesson is Barack Obama, but we can at least hope that his protectionist talk was nothing more than campaign rhetoric. That said, it seems likely that the current move to bail out the Big 3 U.S. automakers might ignite a trade war anyway. A U.S. triggered spate of global carmaker bailout proposals may spark trade disputes over whether the Americans are unfairly trying to subsidize their industry or just making up for state aid foreign rivals already enjoy. Any WTO complaints may open a Pandora's Box, bringing to a head a long-simmering dispute over government policies that U.S. automakers say unduly aid their rivals, including state-financed health-care and retirement benefits, and currency policies. Obama can't focus on nothing, but building a socialist utopia, in his Amerika, not our America. Think about it.

The economists are Harold Cole and Lee Ohanian. They concluded in a study that the New Deal policies signed into law 71 years ago thwarted economic recovery for seven years. Now, that's exactly what Obama has planned, and he has bragged of setting up his administration as a new FDR-type administration. And FDR did so, he spoke with confidence, he assured people, same way Obama does. You can look at elements of the New Deal and ask yourself, are they successful? Social Security, Medicare, are these things successful? Obama wants to take 'em even further. He's a radical leftist. I mean there's no question. But his people have no clue that's what he's going to do, his voters, they have no idea. And a lot of people on our side are even running around. Well, we've gotta bide our time. We have to wait to see what Obama is actually going to do, probably will govern from the center. If he's very smart, he'll govern from the center. He'll try to govern from the center because that's how you get things done.