Obama's ever-changing proposals, allegedly designed to tackle the problem, simply could not work. One of the following must be true: He doesn't agree that the crisis is grave, doesn't understand that his policies can't work, doesn't have the same vision about America as most of us, or doesn't intend for his policies to work. Some people believe he's intentionally damaging America, because they believe he's too smart not to know that we face a crisis and that his policies can't work.
I don't pretend to comprehend the inner child of his past that apparently impels him to pursue this current path of destruction. My educated guess is that his leftist ideology blinds him to the inefficacy of failed liberal prescriptions but also that this same ideology tells him that if things don't get appreciably better, then that's OK, too, because America's had more than its fair share of prosperity anyway.
Think about it. Through every fiber of his being runs a sense of injustice at what he perceives to be a grossly inequitable distribution of income in America. He largely blames these inequities on capitalism. Please don't call me an extremist for saying that, either; I hear it in almost everything he says and see it in what he does.
I correspond with liberals like Obama every day, whose angst reflexively attaches to those who have succeeded under our system: villainous corporations, oil companies, fat cat bankers and wealthy individuals. It's not just that capitalism is inherently flawed for fostering a climate that guarantees such disparities in prosperity but also that those who have exploited these flaws are evil.
As the leftists' sense of fairness and "economic justice" tells them that people's incomes in this country should be more equitably distributed, it likewise tells them that the wealth of the world's nations should be more equitably distributed. Call it "balance," the administration's most recent euphemism of choice.
I only indulge in this brief inquiry into Obama's mindset because it enables us to see that he doesn't view the nation's financial problems with the same degree of urgency as most of us do. To him, the stakes don't seem quite so high, because if we fail, the worst that could happen is that we get our comeuppance and/or become a European socialist state -- and what's so bad about that?