John O'Sullivan describes a Europe now worrying about the dark possibilities that might be generated by the current economic crisis.

Ralph Peters points out, correctly in my estimation, that the crisis will be measured not by sterile economic indicators but by the number of corpses it produces.

While it is true that President Obama inherited the economic crisis (and I would argue that the stock market crash in October and the credit freeze that went along with it were the major reasons why Obama defeated McCain) some people are arguing that his policies are making things worse.

Bill Kristol sees it, too, and Michael Gerson believes the policies are a revelation to all those who thought Obama was a moderate.