Excellent presentation. Can we get a copy posted In the Capitol foryer? It's hard not to see the logic here. I'm afraid the real problem is that even following this strategic outline, the tactical implementation will be painful and unlinear. That is because the context of this mess is unique in so many ways and far more complex and involves a vastly larger domestic and world economy than that of the 1930's it is often referenced against. The business cycle is so much faster, economies are so much more entangled, financial tools and investment instruments are more exotic, and the value chain has many more links in it than in any previous era. Despite the inevitable trial and error that will occur, this is definately the right course to steer. Fortunately, we have someone at the helm that reads it similarly. The good news is that the regererative power of "creative destruction" will create a more relevant economy and spawn restructured value formulae that will replace and expand our current revenue and business models. It's gonna be a rough ride but we won't be bored, eh?

The man's got it dead on. The Triage part is going to be particularly painful - Massive job losses, but otherwise we're just subsidizing unproductive workers. Green Tech is growing, Energy is growing, Manufacturing is growing again (now that the dollar is falling back), and we've still got a huge entrepreneurial base. The country's not toast, but we've absolutely got to stop assuming we can spend without making anything. Nobody wants to hear it, but the bill's coming due.