Follow this link to the article in Huffington Post that quotes the Obama one-liner

Asked if he would be so willing to reach out to Republicans in the future, the president responded, “You know, I am an eternal optimist. That doesn’t mean I’m a sap.”

For those old enough to remember, they used to call comedian Henny Youngman the king of the one-liner.  I think Obama may well merit the title in the political sphere.

Follow this link to George Soros’ prescription for the economic crisis.

The article is long and the details are way beyond my limited knowledge to critique. The ideas sound reasonable to me on first reading.

I did, however,  note his statement that massive liquidity needs to be inserted into the economy to prevent deflation, and then when it works this liquidity must be drained from the system as fast as it was inserted.

Independently this thought had occurred to me and I discussed it at the end of my blog post Analogy That Explains The Stimulus Package. I am encouraged that I have been able to see some issues that coincide with the advice from someone with the vastly greater knowledge that George Soros has.