Obama's game plan is messy and pointless

Barack Obama's 'stress tests' for banks are a classic bureacrat's solution. Messy in the short term, and pointless in the long term.

No president since Roosevelt has been as busy as Barack Obama in his first 100 days in office. He's shifted America's stance on climate change and is trying to reshape US relations with Russia, Iran and Cuba.

As for the economic nightmare he inherited, "every arm and leg of the state" has been "employed to fight for the cause", said Lex in the FT.

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