"That he has been so slow in admitting the scope of the problem, even when it was apparent to any reasonably attentive observer, means he is either incompetent or disingenuous. I think he’s both. If he had admitted the seriousness of the situation sooner, a more well-thought-out plan might have been developed. While the scale of dislocations that have built up in the economy over the decades make the odds high that any plan will fail…short of moving away from the populist quick fixes and allowing the free market to do its painful job, a more realistic assessment, earlier, could have offered a fighting chance at a more balanced solution.