Economy

Panic!

Very Serious Tom Friedman:

If I had my druthers right now we would convene a special session of Congress, amend the Constitution and move up the inauguration from Jan. 20 to Thanksgiving Day.

Yes, Mr. Friedman. Good idea! Let's give the next president, you know, four days to hastily assemble his entire cabinet and staff in time to govern the world through the worst financial crisis since whenever... starting Thursday. Smart -- then again, it would certainly help the establishment press to build their "failed Obama presidency" narrative.

Or how about this: Why don't the very serious commentariat demand that our current president do his damn job for a change rather than running out the clock. Naturally, this won't happen because the current narrative is all about Clinton drama. And notice the end of the article -- Friedman closes with a quote about a potential Obama mistake. Very serious!

By the way, notice that Friedman is also channeling our favorite financial diva Suze Orman. Nag people about their spending!

I go into restaurants these days, look around at the tables often still crowded with young people, and I have this urge to go from table to table and say: “You don’t know me, but I have to tell you that you shouldn’t be here. You should be saving your money. You should be home eating tuna fish..."

Eight month emergency fund, young people! Eat tuna! No mention whatsoever that the Iraq invasion and occupation, which Friedman vocally supported and endorsed, is helping to bankrupt America. We're still spending $10 billion a month over there, but eat tuna sandwiches, you lazy stupid young people!

Friedman, Drudge, Halperin and the like are writers who everyone in Washington reads. Now that's a good reason to panic.