Friday, March 06, 2009
Joys of Pepenomics
The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. Jimmah^2.
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13 comments:
Krauthammer encapsulates.
and Steyn reiterates.
Krauthammer again. We're imploding, guys! Hooray for the Democrats.
Kraut: Forget all of this. This is run-of-the-mill budget trickery. True, Obama's tricks come festooned with strings of zeros tacked onto the end. You don't say.
Rot: We're imploding, guys! Hooray for the Democrats. Is this gallows humor? Of course, we all knew it was gonna be bad (I bet even Pepe, in his heart of hearts, knew, unless his mind is even more hermetically closed than I think). But this is worse than in my my worst nightmares. Sounds like Apocalypse Now of economics. Without the smell of napalm in the morning.
As a cure for rapidly growing joblessness, a massive destruction of wealth, a deepening worldwide recession, this is perhaps the greatest non sequitur ever foisted upon the American people. Pepean logic in all its glory. Amazing how Pepe reproduces locally the macro picture. It's like fractals.
Indeed, one could perversely make the case that, if anything, the proliferation of overeducated, Gucci-wearing, smart-ass MBAs inventing ever more sophisticated and opaque mathematical models and debt instruments helped get us into this credit catastrophe in the first place.
Duhhh. You don't say!
Clever politics, but intellectually dishonest to the core. Health, education and energy -- worthy and weighty as they may be -- are not the cause of our financial collapse. And they are not the cure. The fraudulent claim that they are both cause and cure is the rhetorical device by which an ambitious president intends to enact the most radical agenda of social transformation seen in our lifetime.
What more can one say? Alles klar, Herr Kommissar.
To The Gallows! Should be the name of a new bar off Wall St.
There's one on Barrack Street. How's that?
Tecs, you are a genius.
Thanks -- I'm trying. Note the color pink of the bar.
You callin Obama a fruit? I do think Michelle might have a surprise down there to the tune of 11".
I associate pink with pinko, Mr Rorschach.
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