We want the wage differential between the private sector and the public sector to become EVEN BIGGER so that even more of the talented people go into the private sector, thereby increasing the inability of the Federal government to provide oversight of oh, I dunno, the Countrywides and the Enrons of this world.

Smooth move, Obama. This one is right up there with Clinton’s sell-out on welfare reform. (Yes, I know, plenty of people think welfare reform was a great idea. Here’s the deal: it was political posturing over chump change; it was symbolic politics—just like the earmark crap; only welfare reform kissed up to both liberals who hate poor people (but pretend they don’t) and conservatives who hate government). Awesome bit of empty sleight of hand

Obama is officially running scared.