As the status of the finacial crisis fluctuates, Paulson rethinks strategy

In a form insight into what amounts to crisis control for the United States, Treasury Secretary Hank Paulson, announced plans to refit the Treasury's strategy to help solve the economic crisis. The fact that the change was announced is nothing new; such announcements that pronounce a change to fix the current financial crisis are indeed common. However, as Paulson himself has said, that such changes are indeed neccassary as the extent of the damage and the scope of neccessary repairs become more evident. In some cases, Secretary Paulson has been accused for not acting quicker in responding the dynamic nature of the crisis, referring to the delay in the recapitalization of certain finacial instututions that the government has agreed to assist.
In some cases, Mr. Paulsons tempid attitude to a quick reaction to the crisis is well warrented. By not rushing into the scene and taking a step back to reassess the environment, the government is able to ensure that the plan can be executed as well as possible.
One prime example of this is the limited response to the American Auto industry. Unlike the banks, the US auto firms were already in touble before the economic crisis, and with the loans that some in the government are proposing as well as president elect Barak Obama, the gaurentee that these loans will be paid back to the gov. in the future is limited. http://www.economist.com/world/unitedstates/displayStory.cfm?story_id=12597500&source=features_box3