Legal Commentary

Somewhat in the spirit of some of Orin's posts, I agree with Frank at CoOp that "this is a president who takes his words seriously, and whose oratory deserves attention for its deep substance."  Although, curiously, Frank zeroes in on language in the inaugural address in which the new President says that "the market can spin out of control" and "a nation cannot prosper long when it favors only the prosperous."  That was nice, I guess, but I was more moved by these words: "Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched."  And also his blunt statement that failing government programs "will end."  I guess the mark of a great inaugural address is that there's something in it for everyone! Although I'm not sure I understand why Frank has "some faith that figures like Rubin, Geithner, and Summers have learned the error of their ways."  I should think that Rubin et al. heard the same words I did and feel pretty good right now.