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Shapiro laments that Obama has yet to "find a formula" for the economy. I'm not sure there is a formula. I'm not sure that I would trust anyone who said they had the answer. I'm quite sure I'm not the type of person Obama needs to convince.
Obama can't make this election about having the right answer, because even if he had it, explaining it would be "soporific." What Obama can make this election about, is who would you rather have trying to fix the economy. The best play might be to milk the "fundamentals" comment til November. Obama's argument, however, is that we need smart regulation, and he is better capable to deliver that than a man getting his economic advice from Phil Gramm.
