The great thing about presidential commissions is that they can soberly consider complicated matters and then offer unvarnished reports on what to do. The tough part is when that information rockets around Washington, as occurred after a White House commission issued its final report on the BP disaster in the Gulf of Mexico.
Tales from the Trail
from Summit Notebook:
Democrats and Republicans alike on Capitol Hill say they want to toss out the concept of "too big to fail" in the financial regulation reform they are tussling over. That way if a financial firm is going to go under, it will go under, with no thought for a taxpayer handout.
Sen. Christopher Dodd of Connecticut and Columbia University economist Jeffrey Sachs are two guys who think President Barack Obama better embrace new structural reforms if he wants a growing economy that isn’t hard-wired to go bust.