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Wednesday, April 1, 2009 12:00 AM

Manufacturing a false sense of economic optimism

Industrial activity declined for the 14th straight month -- but the rate of plummet slowed by a fraction. Break out the champagne!

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  • Wednesday, April 1, 2009 05:53 PM

    Is Obama a fool?

    We need to exude some confidence in ourselves to fix the economy. Our President sure has that outlook. Do you think Barack is a fool for that stance?

    Is Obama a fool? I guess that depends on how you define fool.

    If a fool is someone that bucks his bosses, his 'Master of the Universe' overlords who are responsible for making his rise to power possible, then Obama is no fool. He is doing exactly what they wish. It is nothing more than a continuation of Bush/Paulson/Government Sachs corruption/subservience to the investment in propping up the status quo which we saw from the last administration.

    But if a fool is someone who is serving his masters even as he knows (and surely he must know) that what he is doing is just another variation on trickle down ("We pee on their heads and tell them that it's nutrient rich rain") economics where the "fix" is to pour the money in at the top rather than using it to put a floor under the bottom, then yeah, Obama is a fool.

    Optimism in the face of adversity ("We have nothing too fear but fear itself") is one thing. But actions which result in potentially trillions of dollars of losses being foisted off onto the masses in order to privatize profits and socialize losses? That is something else entirely.

    Stupid is as stupid does.

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