Thomas Friedman groks the trees (and misses the forest)
Quote:
...ask yourself this: Why couldn’t former Treasury Secretary Hank Paulson solve this problem? And why does it seem as though his successor, Tim Geithner, won’t even look us in the eye and spell out his strategy? Is it because they don’t get it? No....
...We are coming off a 20-year credit binge. As a country, too many of us stopped making money by making “stuff” and started making money from money — consumers making money out of rising home prices and using the profits to buy flat-screen TVs from China on their credit cards, and bankers making money by creating complex securities and leverage so more and more consumers could get in on the credit game.
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....ask youself this, Thomas Friedman: Why can't a crack dealer and a pimp solve the problems of crack-addicted hooker? Is it because they don't get it?