Obama warned repubs off listening to Rush, Rush responded by explaining why he hopes Obama fails (he doesn't want socialism to be a successful answer), and then criticism and response over the lack of republican leadership in opposition.
As a small businessman, about 70% of whose business depends on capital leases I can tell you what the last 5-6 months have been like. A VACUUM. After Lehman Bros failure, it took three months for a client to get approved again.
It's said that small businessmen and women are the leaders in what makes America great. Entrepreneurs unafraid to take risks to make new capital and expand the pie. I'm not even getting that chance unless this gets fixed. News of more layoffs, watching deflationary pricing cycles on what I consider the KEY ITEM - flat screen tvs (we all want them and no one needs one), things like Pfizer buying Wyeth as they, Home Depot, and Starrbucks cut people, and CA seizing banks are not things getting fixed. They are crushing to the confidence of the american people if they continue unabated, and that confidence is the ticket out of this (unless we stumble into a REAL WAR....a la 1941)
I believe the vigilance of the american people will ensure that we do not become the EU, a moribund, drifting, hedonist looking society with a few busninessmen and serious people swamped with too much regulation, govt, and PC requirements to have optimism enough about their own future to have more kids than people dieing.
I believe we will REQUIRE a successful set of emergency measures to be temporary. In the coming years there WILL be large pressure to unburden govt ownership of items such as preferred bank stock. The govt has no business in business EXCEPT as the ultimate guarantor of the safety of the people..the job they were hired to do. We DO recognize the danger, and we ARE very watchful and concerned.
On the other hand the failure of what we are trying to fix will engender more and more extreme measures as the failures grow, and real panic ensues as the govt will become the only thing between a large % of people and homeless hunger. People will do a lot of things to avoid seeing their families in this condition.
So while I disagree with so much of what Obama is doing and will kick and scream over some of it, I hope that he is a very successful president, and I'll take my chances with a lot of people like me holding his feet to the fire.