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Obama on Economic Crisis

Juan Cole 11/15/2008

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President-Elect Obama addresses the nation on the economic crisis

The thing that worries me most is that Bush is still making policy. It should be remembered that the banks failed and produced a ruinous run on them very late in Hoover’s term, leaving FDR to announce the bank holiday as soon as he got in. The depths of the incompetence of the current incumbent may not have been plumbed yet.

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About the Author

Juan Cole is the founder and chief editor of Informed Comment. He is Richard P. Mitchell Professor of History at the University of Michigan He is author of, among many other books, Muhammad: Prophet of Peace amid the Clash of Empires and The Rubaiyat of Omar Khayyam. Follow him on Twitter at @jricole or the Informed Comment Facebook Page

Uncategorized

Obama on Economic Crisis

Juan Cole 11/15/2008

President-Elect Obama addresses the nation on the economic crisis

The thing that worries me most is that Bush is still making policy. It should be remembered that the banks failed and produced a ruinous run on them very late in Hoover’s term, leaving FDR to announce the bank holiday as soon as he got in. The depths of the incompetence of the current incumbent may not have been plumbed yet.

Filed Under: Uncategorized

About the Author

Juan Cole is the founder and chief editor of Informed Comment. He is Richard P. Mitchell Professor of History at the University of Michigan He is author of, among many other books, Muhammad: Prophet of Peace amid the Clash of Empires and The Rubaiyat of Omar Khayyam. Follow him on Twitter at @jricole or the Informed Comment Facebook Page

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