http://www.kansascity.com/438/story/1026714.html Wholesale inventories plunge by most in 17 years
What is needed? The answer is: focus and ferocity. If Mr Obama does not fix this crisis, all he hopes from his presidency will be lost. If he does, he can reshape the agenda. Hoping for the best is foolish. He should expect the worst and act accordingly.
Yet hoping for the best is what one sees in the stimulus programme and – so far as I can judge from Tuesday's sketchy announcement by Tim Geithner, Treasury secretary – also in the new plans for fixing the banking system. http://www.ft.com/cms/s/0/9ebea1b8-f794-11dd-81f7-000077b07658.html?nclick_check=1
