"It was too little leadership, too late."

"It was too little leadership , too late." That's the take of the Financial Times on president Obama's handling of the debt ceiling negotiations. FT certainly spreads the blame around and even buys the point of view that Obama is actually sincere in his proposal to cut over four trillion from the deficits. It comes, however, to the same conclusion as I have, namely that a president cannot simly avoid a key issue for months as the clock ticks and then suddenly get involved thinking that a solution can be reach rapidly. A president has to have a proposal that is made months in advance to allow all the parties to come to some sort of conclusion rather than avoiding even telling the American people what he is proposing.

Let's hope there is some resolution before there is an actual default.