President Obama contributes to an atmosphere of fear grown to panic as he takes a crisis & tries to turn it into an opportunity for sweeping change.

Peggy Noonan writes in The Wall Street Journal:

The White House this week was consumed by extreme interest in a celebrated radio critic, reportedly coordinating an attack line with antic Clinton-era political operatives who don't know what time it is. For them it's always the bouncy '90s and anything goes, it's all just a game. President Obama himself contributes to an atmosphere of fear grown to panic as he takes a historic crisis and turns it into what he imagines is a grand opportunity for sweeping change. What we need is stabilization—an undergirding, a restrengthening so things can settle and then rise. What we're given is multiple schemes, and the beginning of a reordering of financial realities between the individual and the state.