Katrina Again? US Gets Poor Grades For Credit Crisis

[Celebration]

http://www.cnbc.com/id/27217731

The US government's handling of the financial crisis is looking a lot like its reponse to Hurricane Katrina three years ago, say crisis management experts and former government officials.

In this case, it's the economy that's under water—and people are losing their houses due to foreclosures, not flood waters.

The government was behind the curve from the start, these experts say. Communication was poor and organizational efforts were slow and often ineffective.

"The government acted as if it was initially was on top of it and knew it was doing the right thing," says Jonathan Bernstein of Los Angeles-based Bernstein Crisis Management. "It came out later that they clearly didn't."

Interesting poll here, as well. CNBC viewers aren't exactly in synch with some of the the talking heads there--namely Larry Kudlow, LOL. I have to say, though, that he is about the only outwardly still pushing a vehemently pro Bush/Republican agenda.

[Ganja Ninja]

1. Bush could have acted earlier but he was hoping the whole thing

would fall apart in February after he left office.