FEBRUARY 6, 2009

Karl Marx can still come in handy. I believe he elaborated on Hegel (sarcastically) when he said, "history repeats itself, first as tragedy and second as farce". When George W. Bush was given his marching orders by Henry Paulson in late September, he made sure to tell the public that if we, the taxpayer, did not buy $700 billion of mortgages from banks, we would have financial Armageddon. Well, we didn't buy those mortgages after all, but preferred stock instead. Because, as Paulsen said, apparently quoting Keynes (bringing him back to the limelight for the first time in a long time; now we can't get rid of him) "when the facts change, I change my mind, what do you do, sir?" Amazing, right? Of course, he never did tell us what those "facts" were. Well, President Hope is now repeating this mantra. As Charles Krauthammer points out in So Much For Hope Over Fear Obama has resorted to the Bush line. "If we do not pass this stimulus bill, we will have catastrophe". We will? The first time the public was scared, and while it did not approach tragedy, it was scary. This time, the public laughs and sneers. Didn't we just hear this?  Maybe I should check out what else this Marx guy had to say. Well, as a supposed Chinese proverb states, "fool me once, shame on you; fool me twice shame on me."

(posted at 6:00 pm by Mike Rulle)

A Better Approach?--part 2   (My Essay Blog)

(posted at 1:00 pm by Mike Rulle)

 

 

FEBRUARY 5, 2009

They Are Who We Thought They Were  (My Essay Blog)

(posted at 11:00 pm by Mike Rulle)