Well, the President finally appointed at least the beginning of his blue-ribbon commission on fiscal responsibility and reform, naming Alan Simpson and former chief-of-staff Erskine Bowles from the Clinton days to co-chair it. It's worth holding out hope for this, because Simpson's a good man—always been a renegade on the Republican side—and Bowles was experienced in Washington.
I want to build on this limited government thing. I think this is where Obama has missed the boat. He can still recover. He has unfortunately taken on the mantel of big government because he backed Wall Street. He has to reverse course. He has to take the populist theme away from these hypocritical Tea Party people and make it his own.
I have spent the last couple of days ay the TED conference away from the hurly burly of the political world discussing and listening to speeches about innovation. The sound bite was: We need innovation and we need speed and greed for good as opposed to the approach that Greed is good.