Sometimes I Hate Being Right

December 5, 2008 I wrote in this space

"I think once President-elect Obama takes office and the new House & Senate are in place, you will suddenly see some "surprising" good economic news, though I, for one, will not be surprised to find out that economic problems were overblown in an election year - please excuse my cynicism."

53 days after the inauguration, the President declared that the national crisis is “not as bad as we think.” (Atlanta Journal & Constitution)

I actually thought it would take longer than it did.

Then there was this: In December I said

"Sometimes the best "change" is going back to what worked in the past. Cue FDR: "The only thing we have to fear is fear itself." You know, if President Obama were to simply re-read FDR's 1932 inaugural address in January 2009, he would gain the support of millions in an instant. People forget some of the other great lines in that speech, such as: "'These dark days will be worth all they cost us if they teach us that our true destiny is not to be ministered unto but to minister to ourselves and to our fellow men.'"

And today I read:

"Fear begets fear," and that "is the paradox at the heart of the financial crisis," Lawrence Summers, the president's director of the National Economic Council, told a forum.

"It is this transition from an excess of greed to an excess of fear that President Roosevelt had in mind when he famously observed that the only thing we had to fear was fear itself," Summers said. "It is this transition that has happened in the United States today." (Fox News)

I swear they read my blog in DC.