After all, it worked for Enron

This recalls those heady days of Jeffrey Skilling berating any reporter or analyst who had the temerity to ask how Enron could possibly be making the kind of profits he claimed.

In addition, he is dispatching his Treasury secretary, John W. Snow, to New York to reassure Wall Street that his approach, which could involve trillions of dollars in new government borrowing, is consistent with efforts to reduce the budget deficit and improve the nation's financial condition.

I suspect he'll focus more on the incredible profits to be made by Wall Street firms, and stay away from how, indeed, this will not cause a meltdown in the U.S. financial picture.

For more on how Social Security is fracturing the GOP, the Bull Moose is keeping a scorecard.