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President Obama brushed aside concerns about the stockmarket crash that accompanied his first month in office, comparing its "fits and starts" to the fickle swings one sees in political tracking polls during campaigns. He missed a subtle difference: People put real money at risk in the market, and right now they are betting heavily against Obama's recovery plans. The steepest dive occurred after Treasury Secretary Tim Geithner revealed that his "plan" to stabilize the financial system was actually just a continuation of the chaotic, ad hoc approach that led us to the current juncture of uncertainty and fear. Instead of laying out clear rules for ...