The first is Getting Obama's Drift and refers to Jared Bernstein's efforts to explain the administration’s attempt to downplay the terrible jobs numbers, and the lack of a change of direction. Krugman says,
But to do that, someone at the top has to make the decision to change direction. And clearly, nobody has. I don’t think there was a deliberate decision to persist in an obviously losing strategy; I just think top management has gone missing. And so the administration drifts...
The other is Men In Suits, Talking and refers to an economic meeting he attending. I'm not sure he is making his comment about leadership in a global sense, but he well could be,
They (we?) aren’t stupid; everyone pretty much understands how badly things are going. But nowhere is there the leadership to do anything more than drift, with a few palliative actions, waiting for things finally to get so bad that something must be done.
That, I think, addresses our problem of governance. They really aren't stupid, they are just waiting for someone to take the lead and no one will.