Follow this link to Paul Krugman’s latest column where he criticizes the Obama administration’s non-plan for bailing out the banks.

Perhaps it is not coincidence that I am finding many knowledgeable economists and financiers that are saying similar things.

Here is my fantasy positive spin on what the Obama administration is doing.  They really know what needs to be done, but they are having a hard time selling it politically. They keep proposing ineffective solutions until all the experts demand that they do what the administration wants to do anyway.  Then Obama can come around and say, “I really don’t want to take over the banks, but if you absolutely insist, then I guess I’ll have to do it.”