Tuesday, September 23, 2008

The future's face

AP NewsAlert
WASHINGTON (AP) — Paulson says financial crisis is 'embarrassing for the United States of America' .

Over the next few years, the U.S. will have to climb out from under mountainous piles of debt. Many predict a long, gray recession. The country will not turn to free-market supply-siders. Nor will it turn to left-wing populists. It will turn to the safe heads from the investment banks. (...)Government activism will provide support to corporations, banks and business and will be used to shore up the stable conditions they need to thrive (...) If you wanted to devise a name for this approach, you might pick the phrase economist Arnold Kling has used: Progressive Corporatism. David Brooks, NYT


Are we not the supermen
Aryan pure supermen
Ja we ist der supermen
Super-duper supermen
Ist this Nutzi land not good?
Would you leave it if you could?
Ja this Nutzi land is good!
Vee would leave it if we could

We bring the world to order
Heil Hitler's world New Order
Everyone of foreign race will love Der Fuehrer's face
When we bring to der world disorder
"Der Fuehrer's Face" - Spike Jones and the City Slickers

David Seaton's News Links
I suppose that all this would have to feel like a drug induced nightmare when it finally came... None of it really surprises me, I've been predicting a lot of it for years now, but at the same time I have trouble believing it is truly happening... An attempted coup d'etat in the US of A.

God, I'm glad I'm not living there right now, I don't think I could stand this. DS


Anonymous said...

You forgot the lipstick.

"Liberal" talk radio is all over this like a cheap suit. No one is happy, and surprisingly, all seem to understand that they/we are in big trouble.

Is this the "October Surprise"? A Reid/Pelosi/Bush agreement will sink B. Obama 'cause McSame will be seen as the populist champion after the poop hits the fan.

The "Masters of the Universe" and all of the "Very Serious People" who got us here now want to have unassailable access to unfathomable amounts of money.

We deserve everything we get if these people win.

Dodd for president anyone?

RC said...

Paulson, with only a minor bit of work by a stylist, quite resembles Daddy Warbucks. Apt.
I also note the trend in the US among academic economists toward the beard, viz, Krugman, Bernanke.
For myself, I am going to be collecting as many additional citizenships and passports as I can afford. I think they will be the desired accessory for some time to come.

Anansi said...

Yes, that is just exactly how I feel.

Anonymous said...

coup 'detat is a little strong, even though this is a dumb idea. it's not like paulson's trying to have himself appointed dictator of the US. i've been reading that public pressure is atleast forcing some congressional oversight over the bailout.

the downside is said congressmen are friends with all the people in these failing firms.

seems similar to the depression people keep saying we're headed towards. it happened because of panic and excessive government intervention. we need more history majors in this country.

thank god i'm a starving artist (in other words, a bum) and I dont pay that many taxes anyway.


Bailey said...

I'll be surprised if they really stop the short selling, where they bet on whether the market goes up or down, isn't that the emotional part of the engine that keeps it going?