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' policy. While it is obvious that the Obama presidency itself is a real improvement over the Bush presidency, it isn't clear at this point that the Obama administration is better than the Bush administration. Obama will assert his superiority over time but, as Stiglitz points out, his economic advisers will cause valuable time to be lost with their 'fire hose as usual' policy. At some point, Obama will come to understand the meaning of the 'loneliness of executive power' but not before damage has been done. The 'fire hose' policy comes out of a long period of careerism and self promotion that rests on the axiom: 'Save your friends and benefactors before all else.' But careerism wont save the economy. It's pretty sad when a man has to have a Nobel Prize in economics for his voice to be heard over the din of 'every man for himself' that the American economy (and culture) has become. It's a long way from Jack Kennedy's 'Ask not what your country can do for you, ask what you can do for your country."