Martin Wolf Is Such a Cheerful Polyanna!
Washington Post Crashed-and-Burned Watch

G-20 Meeting Forecast

  1. Obama will tell the G-20 leaders what they ought to do.
  2. They will complain.
  3. They will do about half of it.
  4. That they do half of it will be an extraordinarily good outcome--the best episode of international policy coordination since Bretton Woods itself.
  5. Will them doing half of what they ought to do be good enough? Ah, that is the question

If we judge the Obama administration based on performance relative to the difficulty of the dive, I think their scores are good: 9.7, 9.3, 8.7, 9.1, and a 4.4 from the East German judge...