Our leader has a change of heart:

Washington is by nature an hysterical place. (Remember those who chest-thumped the fall of Saddam’s statue only soon to claim they never supported the war?)

Still, it is quite striking that in the space of a mere 50 days, Obama & Co. have gone from “We are in 1932 and things are getting worse—unless” to “Things are not as bad as we think,” with choruses from the likes of Larry Summers on the dangers of talking down the economy and sowing fear.

That’s Victor Davis Hanson on “one of the most schizophrenic moments in recent memory.”  He asks, “What in the heck is going on?” and suggests three possibilities.

Meanwhile, cartoonist Ramirez has it pictured this way: