Tuesday, September 30, 2008

The Zombie Of VooDoo Economics Resurrected

From a comment on the blog of Paul Krugman:


*the economic skills of Herbert Hoover,
*the foreign policy acumen of Lyndon Johnson
*the compassion of Calvin Coolidge
*the good luck of Jimmy Carter
*the voodoo witch doctor of Ronald Reagan (contributed by bettyb)
*the brainpower of Warren Harding
*the respect for civil liberty of John Adams (Alien and Sedition Act, anyone?)
*the honesty of Richard Nixon
*and the incorruptibility of Ulysses Grant in a suitable mixing bowl and thoroughly whip. Add at least 3 tsp of an economic deflationary death spiral caused by free-market fundamentalists, rational choice theorists, neoclassical economists, and associated right-wingers, bake for 8 years using a greased, Teflon-coated pan in an oven set to 700 billion degrees.

Serve with braised filet of Rand, spleen of Mises, or liver of Gekko, and finish with a savory demi-glace of privatized profits and socialized losses.

Serves 300 million with all the CheneyBushPaulsonMcCainPalin they can eat.

— Posted by katana0182

Sunday, September 21, 2008

The Free Market Created A House Of Cards

As we see the continuing implosion on Wall Street, it's apparent now to everyone that this economy of unregulated "free market" wheeling and dealing was just a house of cards inflated by hot, stinky air.

A market with no rules and regulations is what the fat cats have foisted upon us, and by adding that deceptive word "free" they have convinced the rank and file voter that these policies were best for the U.S.

Everyone, including Republicans, Democrats, financial executives and gurus need to come clean about their part in allowing this colosssal market failure to happen. We must have assurances that this will never happen again.

And please, all of the right-wingers who scream constantly about the evils of socialism--take a long period of introspection about what that word means as U.S. taxpayers take responsibility for shoring up these bloated too-large-to-fail financial institutions.

Oh, and in the meantime, we can't put in place a program for taking care of the healthcare needs of all Americans. This is the way it goes, we bail the fat cats out as they bring us to the brink of an economic disaster to rival the great depression, but when we ask for healthcare for all to be administered by an equitable, single-payer system they refuse by calling it "socialized medicine".

Take a long breath of that hot, stinky air and then think about whether you want this current crop of Republicans to continue in power.

I'm voting for Obama/Biden. Time for a sea change in Washington.