Playing 11th Dimensional Chess or Muddling Through?

Two issues:  Obama DOJ's supposedly confusing and apparently supportive attitude toward the Bushies' efforts to expand the executive via the "state secrets" rulings and the failure, thus far, to nationalize the failing banks.

The latter is especially odd since most economists, left, right and center, who are not crazy partisans, seem to have a consensus that nationalization is not only desireable but inevitable.  I have no idea what the explanation is.  Perhaps there is such a degree of internal debate within the administration, given who Geithner and Summers are, that Obama is having difficulty figuring out the political calculus on the subject, given all the other rhubarbs going on about the economy

I remain hopeful that Obama's apparent equivocations on state secrets and the like are indeed merely part of a cautious political calculation of some sort & he is biding his time to fix it down the road.   Somebody in The Hague has suggested that President Bush could be next in line after the current president of the Sudan is indicted for war crimes...my spirits rise at the thought...but with such speculation out in the open in international conversations, well, it seems to me to lay a whole new set of political mine fields in this area.  If Bush were actually to be indicted, the political pressure on Obama to defy the International Court would be enormous--in fact, he might not have much choice if he wants his presidency to survive...(I don't know if Obama has reversed the decision to not be a party to the International Criminal Court--last I heard, it was in the works to change it...)

R.
 
http://gg9-tto.blogspot.com/