Hope not Hopelessness

President Bubba calls it like he sees it:

"I like trying to educate the American people about the dimensions and scope of this economic crisis," Clinton said. "I just would like him to end by saying that he is hopeful and completely convinced we're gonna come through this."

Its one think to shoot straight, but all this doom and glome, chicken little talk isn't doing anyone, and namely the market, any favors.

Clinton goes on to take a few hits himself, something that those on the Right struggle with:

Though Clinton largely defended his own economic record, he admitted fault for lack of regulation on derivatives during his eight years as president, a problem some economists believe helped contribute to the nation's economic woes.

"I think we should have moved a little more aggressively on these derivatives," he said. "Alan Greenspan and others thought we shouldn't regulate, didn't need to regulate derivatives, 'cause they would only be bought by very large, very wealthy, very sophisticated institutional buyers.

Though Clinton largely defended his own economic record, he admitted fault for lack of regulation on derivatives during his eight years as president, a problem some economists believe helped contribute to the nation's economic woes.

"I think we should have moved a little more aggressively on these derivatives," he said. "Alan Greenspan and others thought we shouldn't regulate, didn't need to regulate derivatives, 'cause they would only be bought by very large, very wealthy, very sophisticated institutional buyers.

See, its OK to look back and re-evaluate your decisions. I look forward to President GW Bush being as candid some day . . . Oh, who am I kidding *grin*