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...This is not to say that Obama has maintained Bush's policies, although his Administration's continuity on issues ranging from Afghanistan to Wall Street has alienated the left. And he certainly hasn't done himself any favors by failing to inspire the general public to rally around his agenda. But Obama's stumbles atop the high wire of running the federal government have created perhaps the greatest danger to his presidency, and they are oddly reminiscent of the misguided practices that tripped up his predecessor. (See pictures of Obama's first year in the White House...
...Chief Economic Spokesperson. Quick: Name all three of Bush's Treasury Secretaries. Hard to do, isn't it? Like Bush, Obama has failed to install an economics commander in chief who can serve as the public face and the in-house honcho of the Administration's financial team. Treasury Secretary Tim Geithner, National Economic Council chief Larry Summers and Council of Economic Advisers chair Christina Romer all bring strengths to their positions, but none is especially effective at conveying either a consistent message or a sufficient urgency, and none stands out symbolically or practically as America's economics czar...
...White House has failed to put in place the necessary procedures and personnel to move strong, serious ideas along the conveyor belt from the minds of wonky experts cloistered in the Old Executive Office Building chambers to the President's lips as he introduces new initiatives at dramatic public events...
...were dead wrong. And Obama, like Bush, has lashed himself many times over to the political fortunes of the Capitol Hill portion of his party, allowing the agenda and vision of Speaker Nancy Pelosi, majority leader Harry Reid and a covey of mostly liberal committee chairs to define the public image of the Democratic Party and determine what his Administration can accomplish...
According to Costanza, we need different institutions for managing natural capital because of its "public good" aspects. For example, there are systems of payments for ecosystem services, such as compensating farmers who plant trees for carbon sequestration. These could be embedded in common asset trusts, set up to assign property rights to the community rather than private hands. Those who damage ecosystem services would be charged, while those whose land produces services could be paid. Economic incentives can encourage people to preserve natural assets. For example, in Costa Rica U.S. pharmaceutical companies are paying landowners to conserve their properties - essentially...