What is to be Done?

I don't know if you have noticed, but the economic markets are, shall we say, not on the most stable of ground. And it's impacting the election, as it should. Nice to talk about stuff that matters a bit more than lipstick on a pig. And here's what Obama is saying.

So let's be clear: what we've seen the last few days is nothing less than the final verdict on an economic philosophy that has completely failed.

He's not wrong.

Andrew Leonard over at How the World Works has written a post on Obama's speech and what it means for our economy. It's well worth reading. He doesn't white wash the Clinton Years, in which many of these problems were created. But he points out that the fundamental issue is whether or not regulated markets or unregulated markets work better.

And like, Obama says, the verdict is in.