Sometime in the next 24 hours we will be switching European Tribune over to a new layout. This will involve a little downtime and no doubt some teething troubles. Do not adjust your set. - Colman

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Obama should borrow a page from Republican strategists and just act, leaving his opponents to analyze and react. But the action should be decisive. Don't just mint one coin, mint a run of them, perhaps a thousand. Then deposit enough of them at The Fed to fund all programs to which Republicans object for the next ten years, and then some. Then, during the State of the Union he could have some in his pocket and tell the nation that, if the Republicans want, he is prepared to pay off the national debt. He could jingle the coins in his pocket while noting that there is plenty of money available and more where that came from.

This would constitute a reassertion of sovereign independence on the part of the Government of the United States. He should also insist on using some of the deposited wealth to finance all federal election campaigns. Then freedom from Wall Street would be complete. He would only have to worry about the quality of his personal security detail.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 10th, 2013 at 05:14:50 PM EST
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