This is outstanding — better than I could do if I were trying. A question at Politico’s “Arena” about the Obama team and a potential stimulus package elicits this response from Harvard (Harvard!) Professor Stephen Walt: “On economics, Obama is putting the right pegs in the proper holes. But the other shoe still has to drop: what will we be doing overseas while we are trying to dig ourselves out at home? If the foreign policy and defense team funds the full DoD wish list and continues the interventionist tendencies of the Bush and Clinton eras, the ship of state will keep taking on water no matter how fast Geithner and Summers can bail.” Maybe if Obama would put some of those pegs not just in the proper holes but in holes on the sinking ship of state, we could stop taking on water! How can Geithner and Summers keep digging us out at home and avoid dropping shoes? By keeping their eye on the ball and tightening their belts?
