金融危機

Daddy, tell me, what exactly is a derivative?

If nature abhors a vacuum, politics abhors complexity. There has been much discussion and some angst in the press lately about President Barack Obama's supposed communication breakdown during the financial crisis. The breathless reports convey the impression that he has lost his communication skills altogether. One headline admonished: “Obama struggles as communicator.”

Watching the staple Sunday-morning television shows, you would have thought that the assembled pontificators had a sense of nostalgia for the days of the campaign, when they admitted to feeling “shivers” up their legs when they listened to him, or soaked up the crowds of 50,000 swaying happily to his moving speeches about change we can believe in.

Last week, for example, the Politico wrote: “To Obama's dismay, he is learning that successful presidential communications is only in part — often a fairly small part — about personal eloquence. It requires harnessing his words to a consistent strategy of public education.” Well, yes. But has Mr Obama really lost some of his skill as a communicator? I think not. He is every bit the master communicator he was in his heyday of early 2008.

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